SilverByte Optima Software
SilverByte, a 30 year old Israeli company that specializes in hotel management software and systems, is selling out to Priority Software which is owned by global growth private equity firm TA Associates and Israeli private equity firm Fortissimo Capital. According to a report in Calcalist the deal is worth around $35 million.
SilverByte was owned by Israeli businessman Avi Moscona, who passed away four years ago. Calcalist reported that his heirs have decided to unload the company.
Founded in 1992, Silverbyte Ltd is a developer of hotel management software solutions to the hotel and hospitality industry with installations in Europe, Africa, Asia and a commanding 85% of the hotel Market in Israel.
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Its Optima Line of Hotel Management Software is used by leading hotels and hotel groups such as the Dan Hotels, David Citadel, Leonardo Hotels, Fatal Hotels, Accor – Mercure, Premier Hotels and Resorts, Caesar Hotels, Orchid Hotels and Prima Hotels as well as many more B&B’s and Vacation Rental customers, which uses our different software solutions. With hundreds of hotels running Optima in three continents, Silverbyte is committed to support its customers and keep developing and promoting its systems for a long time.
Founded back in 1986, Priority Software is a provider of scalable, agile, and open cloud-based business management solutions for a wide range of industries and organizations of all sizes; from global enterprises to small and growing businesses. Recognized by top industry experts and analysts for its product innovation, Priority provides real-time access to business data and insights from any desktop or mobile device, enabling organizations to increase operational efficiency, improve the customer experience, identify new opportunities, and outpace the competition.
With offices in the US, UK, Belgium, and Israel and a global network of business partners. As such, the company will certainly be able to make good use of the SilverByte services.
