Agilysys Reports Unaudited Fiscal 2007 Fourth-Quarter and Full-Year Results Reflecting Divestiture of Distribution Business

Agilysys Reports Unaudited Fiscal 2007 Fourth-Quarter and Full-Year Results Reflecting Divestiture of Distribution Business

Agilysys, Inc. , a leading provider of IT solutions, today announced fiscal 2007 unaudited fourth-quarter and full-year results for the periods ended March 31, 2007.

As previously announced, on March 31, 2007 Agilysys closed the sale of its KeyLink Systems Distribution Business assets to Arrow Electronics, Inc. for $485 million in cash, subject to a working capital adjustment, to focus exclusively on growing its IT solutions business. For purposes of financial reporting, this business

is now treated as discontinued operations in the accompanying unaudited condensed financial statements.

Over the last six months, in addition to the divestiture of KeyLink Systems, Agilysys has announced three acquisitions. These include Visual One Systems, a leading developer and marketer of Microsoft(R) Windows(R)-based software for the hospitality industry; Stack Computer, a premier technology integrator with a strong focus in high availability storage infrastructure solutions; and, as announced in a separate news release today, an agreement to acquire Innovativ Systems Design, Inc., the largest U.S. commercial reseller of Sun Microsystems servers and storage products.

Arthur Rhein, chairman, president and chief executive officer of Agilysys, said, “I am extremely pleased with our progress. We have completed our transformation to a business focused solely on selling IT solutions direct to end customers. In addition, we continue to execute our strategic plan, including accelerating growth through acquisitions as a solution provider.”