Daylight Software Gains Investment Backing from AJG Financial Services

Representatives of Daylight Software announced that the company will enter a new investment relationship supported by AJG Financial Services, a subsidiary of Arthur J. Gallagher & Co., the world`s fourth largest insurance brokerage company, and will not merge with AremisSoft Corporation.

“AJG is well-known and respected in the risk management and investment arenas. Their support will enable us to maintain our aggressive product development program and long-term support to our expanding customer base,” said Bill Duncan, president and CEO of Daylight Software, Inc. “Simultaneously, AremisSoft will remain an important strategic partner in selling and supporting Daylight worldwide. We have worked closely with AremisSoft for a long time and look forward to continuing to do that.”

“We believe Daylight will set the standard for sales and catering software for the hospitality industry,” said Mark Strauch, executive vice president of AJG Financial Services, Inc. “Daylight`s technical prowess and exemplary customer support have enabled them to win the confidence of large accounts like Opryland Hospitality, MGM Mirage, Ian Schrager Hotels and Resorts, Sonesta International Hotel Corporation and many others. We will help Daylight build on that solid base of performance and sales.”