Ramius and affiliates monitoring Agilysys, may seek board representation

By Lisa Kerner

Charlotte, N.C., June 2 - Investors led by Ramius LLC, Parche LLC and Starboard Value and Opportunity Master Fund, Ltd. said they have and will continue to engage in discussions with management and the board of directors of Agilysys, Inc.

Ramius and its affiliates may also communicate with other stockholders and third parties concerning the business, operations and future plans of the company, as well as representation on, and potential changes in, the composition of the Agilysys board, it was reported in a schedule 13D filed with the Securities and Exchange Commission.

The investors reserve the right to nominate candidates for election to the board at the 2008 annual meeting, the filing said.

According to the filing, the investors beneficially own 1.74 million shares, or 7.4% of Agilysys.

Ramius, Parche and Starboard reported the purchase of a total of 1,568,100 shares of Agilysys stock between April 10 and June 2 priced from $9.78 to $11.38. The transactions were included in the SEC filing.

Agilysys is a Boca Raton, Fla., IT solutions provider.

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