Ramius reports 9.0% interest in Agilysys

By Lisa Kerner

Charlotte, N.C., June 11 - Investors led by Ramius LLC purchased 374,867 shares of Agilysys, Inc. between June 3 and June 10, increasing its ownership interest in the company to 9.0%, from 7.4% on June 2.

The shares were priced from $10.91 and $12.28, according to a schedule 13D filed with the Securities and Exchange Commission.

The investors beneficially own 2,123,471 shares of the Boca Raton, Fla., IT solutions provider.

It was previously reported that Ramius, 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.

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, a prior SEC filing stated.

The investors reserves the right to nominate candidates for election to the board at the 2008 annual meeting.

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