Serent Capital, a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies, has sold Book4Time, a Markham, Ontario-based provider of spa management software, payments, and ancillary revenue for the hospitality industry, to Agilysys, a leading global provider of hospitality software solutions and services. The all-cash acquisition, valued at approximately $150 million, is expected to drive additional subscription revenue growth and expand Agilysys’ solution offerings to a broader customer base. With Book4Time’s established global footprint and integration capabilities, the merger aims to leverage combined strengths to deliver enhanced technology solutions to high-profile hospitality clients.
Serent Capital Exits Canada’s Book4Time to Agilysys
