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Agilysys Appoints Ramesh Srinivasan President And CEO

Wednesday, December 14, 2016
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Agilysys
Agilysys
Hospitality Management Software

ALPHARETTA, GA--Agilysys, Inc. (Nasdaq: AGYS) (“the Company”), a global provider of next-generation hospitality software solutions and services, today announced the appointment of Ramesh Srinivasan as the Company’s new President and Chief Executive Officer, effective January 3, 2017. Mr. Srinivasan, who most recently served as CEO of Ooyala, a leading provider of video publishing, analytics and monetization services and a Telstra Corporation subsidiary, will also serve as a member of Agilysys’ Board of Directors.

Mr. Srinivasan brings to Agilysys over 30 years of hands-on enterprise software execution and senior technology management leadership and strategy expertise and accomplishments. Prior to joining Ooyala, Mr. Srinivasan served as President and Chief Executive Officer of Innotrac Corporation, where he oversaw the ecommerce fulfillment provider’s merger with eBay Enterprise. Before that, Mr. Srinivasan was President and Chief Executive Officer of Bally Technologies Inc. During his tenure at Bally, where he started as Executive Vice-President, Systems in 2005 before being promoted to President & COO in 2011 and then to President & CEO in 2012, the company grew its annual revenue from approximately $500 million in 2005 to approximately $1.2 billion in 2014 and saw a stock price increase of about 700 percent during the same time period. Prior to Bally, Srinivasan was with Manhattan Associates for about seven years, where he rose from Director, Technical Services to Executive Vice-President.

Michael Kaufman, Chairman of the Agilysys Board of Directors, stated, "Ramesh’s experience and expertise in driving performance at high growth technology companies and helping them scale their business will be invaluable for Agilysys. Throughout his career, he has demonstrated tremendous success in formulating clearly defined strategies for growth and profitability, in developing and implementing initiatives that have driven outstanding performance in day-to-day operations, increasing customer satisfaction levels, and achieving a high level of execution on global growth opportunities. Ramesh’s leadership will help accelerate our growth as we bring the promise of our products and customer service excellence to fruition.”

Mr. Srinivasan’s early agenda will include the implementation of the Company’s accelerated investments in its products, sales and services. He will lead the development and execution of go-to-market strategies that better align Agilysys’ products and organizational capabilities with the Company’s near-term opportunities to aggressively expand the business with large scale and international customers.

“This is an exciting time to join Agilysys,” said Mr. Srinivasan. “The opportunities to grow the business have expanded dramatically thanks to the continued development of the rGuest product portfolio, a well-earned reputation for leading customer service, and a clear understanding of hospitality operators’ needs for new technology solutions that help them grow their business by keeping them more closely connected to their guests throughout the visit lifecycle. I look forward to meeting and working closely with our customers and working with all of our team members and our Board of Directors to implement strategic initiatives that further build our momentum and accomplish our goals of quickly scaling the business across the globe.”

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