Agilysys & Shift4 Payments Renew Partnership Providing Integrated Hospitality Commerce Solutions
October 06 2020 - 8:04AM
Business Wire
Extension of Successful Partnership Will
Continue to Drive a Seamless Guest Journey
Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of
next-generation hospitality software solutions and services, and
Shift4 Payments (NYSE: FOUR), the leader in integrated payment
processing, announced today an extension of their long-standing
partnership to better enable a seamless guest journey for
hospitality operators while increasing the market presence of both
companies.
By adding Shift4’s end-to-end payment solution, Agilysys
customers can enjoy the benefits of a fully integrated payment
experience at their property, connecting everything from online
reservations to check-out, on-premise dining, spa services and
more. Shift4’s recently-announced integration with Innowi’s
innovative, EMV ready 7” ChecOut M mobile point of sale (mPOS)
device also allows Agilysys customers to run a complete version of
the company’s InfoGenesis software on their mobile terminal.
“Agilysys has been a strong partner in the hospitality industry
for many years,” said Shift4 Payments Chief Technology Officer
Michael Russo. “We are pleased to be extending our relationship as
we continue to enhance our joint capabilities and help our
customers better serve their guests’ payment needs.”
“This expanded partnership with Shift4 Payments gives our
customers the ability to leverage their end-to-end payments
platform for a superior integrated payments experience,” said
Agilysys SVP of Sales & Marketing, Americas, Don DeMarinis.
“This agreement covers Agilysys Pay, our secure payment processing
solution, and allows us to continue enhancing our customers’ access
to validated P2PE, EMV payment technology as a fully integrated
solution along with our robust point of sale and property
management systems.”
About Shift4 Payments
Shift4 Payments (NYSE: FOUR) is a leading independent provider
of integrated payment processing and technology solutions,
delivering a complete ecosystem of solutions that extend beyond
payments to include a wide range of value-added services. The
company’s technologies help power over 350 software providers in
numerous industries, including hospitality, retail, F&B,
e-commerce, lodging, gaming, and many more. With over 7,000 sales
partners, the company securely processed more than 3.5 billion
transactions annually for over 200,000 businesses in 2019. For more
information, visit www.shift4.com.
Safe Harbor Statement and Forward
Looking Information
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements contained in this press release that do not
relate to matters of historical fact should be considered
forward-looking statements, including statements regarding the
anticipated performance of Shift4 Payment, Inc.’s (“our”, the
“Company” or Shift4”) processing solutions for Agilysys and their
customers. These statements are neither promises nor guarantees,
but involve known and unknown risks, uncertainties and other
important factors that may cause our actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements, including, but not limited to, the
following: the effect of the COVID-19 global pandemic on our
business and results of operations; our ability to differentiate
ourselves from our competitors and compete effectively; our ability
to anticipate and respond to changing industry trends and merchant
and consumer needs; our ability to continue making acquisitions of
businesses or assets; our ability to continue to expand our market
share or expand into new markets; our reliance on third-party
vendors to provide products and services; our ability to integrate
our services and products with operating systems, devices, software
and web browsers; our ability to maintain merchant and software
partner relationships and strategic partnerships; the effects of
global economic, political and other conditions on consumer,
business and government spending; our compliance with governmental
regulation and other legal obligations, particularly related to
privacy, data protection and information security, and consumer
protection laws; our ability to establish, maintain and enforce
effective risk management policies and procedures; our ability to
protect our systems and data from continually evolving
cybersecurity risks, security breaches and other technological
risks; potential harm caused by software defects, computer viruses
and development delays; the effect of degradation of the quality of
the products and services we offer; potential harm caused by
increased customer attrition; potential harm caused by fraud by
merchants or others; potential harm caused by damage to our
reputation or brands; our ability to recruit, retain and develop
qualified personnel; our reliance on a single or limited number of
suppliers; the effects of seasonality and volatility on our
operating results; the effect of various legal proceedings; our
ability to raise additional capital to fund our operations; our
ability to protect, enforce and defend our intellectual property
rights; our ability to establish and maintain effective internal
control over financial reporting and disclosure controls and
procedures; our compliance with laws, regulations and enforcement
activities that affect our industry; our dependence on
distributions from Shift4 Payments, LLC to pay our taxes and
expenses, including payments under the Tax Receivable Agreement;
and the significant influence Rook and Searchlight will continue to
have over us after this offering, including control over decisions
that require the approval of stockholders. These and other
important factors are discussed under the caption “Risk Factors” in
our final prospectus filed with the SEC on September 10, 2020
pursuant to Rule 424(b)(4), our Form 10-Q filed with the SEC on
August 12, 2020, and our other filings with the SEC could cause
actual results to differ materially from those indicated by the
forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of
the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, we disclaim
any obligation to do so, even if subsequent events cause our views
to change.
About Agilysys
Agilysys (Nasdaq: AGYS) has been a leader in hospitality
software for more than 40 years, delivering innovative
guest-centric technology solutions for gaming, hotels, resorts and
cruise, corporate foodservice management, restaurants,
universities, healthcare, and sports and entertainment. Agilysys
offers the most comprehensive software solutions in the industry,
including point-of-sale (POS), property management (PMS), inventory
and procurement, payments, and related applications, to manage the
entire guest journey. Agilysys is known for its leadership in
hospitality, its broad product offerings and its customer-centric
service. Some of the largest hospitality companies around the world
use Agilysys solutions to help improve guest loyalty, drive revenue
growth and increase operational efficiencies. Agilysys operates
across the Americas, Europe, the Middle East, Africa, Asia-Pacific,
and India with headquarters located in Alpharetta, GA.
For more information, visit www.agilysys.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201006005658/en/
Shift4 Payments Contact: Nate Hirshberg,
nhirshberg@shift4.com, 888.276.2108 x1107
Agilysys Contact: Robert Shecterle,
robert.shecterle@agilysys.com, 770.810.6046
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