Property Management Software Provider Silverbyte Is Acquired By Priority Software

Silverbyte, which operates in over 30 countries, offers a cutting-edge, scalable platform that enables lodging providers of all sizes.

FREMONT, CA: Performance and implementation of suitable technology, methods, and procedures are essential for managing a workforce. It's a highly automated process that provides access to the necessary information to make better decisions. Priority Software, one of the top global providers of business management solutions, acquired Silverbyte, a prominent provider of property management software, to expand its product range.

"Silverbyte's innovative solutions expand our business management offering for the hospitality industry. Combining our technology and market reach with Silverbyte's solutions will increase our capability to deliver new, innovative solutions to the global market. This acquisition is another important step in Priority's evolution and vertical expansion, positioning the company as a market leader in the fields of ERP, Retail management, HRM, Logistics, Education, and now hospitality." says Sagive Greenspan, Priority CEO.

Priority's business management suite will be more comprehensive for customers in the hospitality industry due to the purchase deal with Silverbyte. With the purchase of Silverbyte, Priority has made five acquisitions in the previous 15 months. Priority is continuing to grow its excellent portfolio of solutions, which gives it a distinct advantage over rivals.

Hospitality industry segments easily and intuitively manage every aspect of their property, from end-to-end internal operations to external distribution and booking systems. Leading hotel chains worldwide, including Leonardo, Fattal, Crowne Plaza, and Holiday Inn, use Silverbyte's technology.

"I am very pleased to join a leading technology company. Being part of Priority will allow us to offer an end-to-end solution, developed by a single company that includes an ERP system, point of sale (POS), workforce management and Silverbyte's PMS system. The synergy between the companies will provides a unique value to the hospitality market." says Einav Peleg , CEO of Silverbyte.

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