Connect with us

Hi, what are you looking for?

Jewish Business News


SilverByte Hotel Management Selling to Priority Software for a Rumored $35 Million


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.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

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.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.