Agilysys (AGYS +41.2%) leads all Nasdaq gainers after announcing the sale of its technology...

|By:, SA News Editor

Agilysys (AGYS +41.2%) leads all Nasdaq gainers after announcing the sale of its technology solutions unit for $64M and that Martin Ellis will step down as president and CEO. The software vendor says it will concentrate on retail and hospitality markets; it will have more than $120M in cash on hand after deal closes and will be debt-free.