Blackstone acquires Israel’s Priority Software at an $800 million valuation | CTech
Summary
“With Blackstones support, we are well-positioned to accelerate our growth trajectory, deepen our market penetration, and solidify our position as a leader in the industry. We are excited about the possibilities this partnership brings and remain steadfast in our commitment to driving unparalleled value for our customers and stakeholders." Its product suite includes solutions for retail management, hospitality, and education, and is supported by a network of more than 100 partners worldwide. "Priority Software has grown into a leader within the ERP market by developing business application software – both horizontal and vertical – that caters to the holistic needs of companies across sectors from their early days, through every stage of growth and, ultimately, at scale,” added Yifat Oron, Senior Managing Director at Blackstone and head of its Israel office. “Given our extensive experience in the software space – as well as the significant insight we glean from our global reach and more than 230 portfolio companies, including in hospitality, industrials, life sciences, energy and beyond – we believe Blackstone is well-positioned as a growth partner for this exceptional business."