Silverbyte

Company Overview

Snapshot

Founded in February 1992 by Avi Moscona, Arad Levertov, and Amnon Zusman, Silverbyte operates with 11–50 employees. The company was acquired by Priority Software in June 2022.

Business overview

Silverbyte specializes in providing cloud-based hotel management software, continually updating its products with the latest technology. Its Optima line of hotel management software is recognized for its comprehensive features and has been implemented in numerous hotel groups globally, including 75% of the hotel market in Israel. The company serves the hospitality industry, specifically hotels, by offering enterprise solutions and business management software.

Strategic signal

Silverbyte's acquisition by Priority Software in June 2022 for approximately $35 million signals a strategic consolidation within the business software and hospitality technology sectors. This move indicates a growing trend of larger enterprise software providers integrating specialized solutions to expand their market reach and enhance their product offerings, providing a strong exit for Silverbyte's investors and validating its market position.

Company Intelligence Q&A

When was Silverbyte acquired?

Silverbyte was acquired by Priority Software in June 2022.

What was the estimated acquisition amount for Silverbyte?

Priority Software acquired Silverbyte for approximately $35 million in June 2022, as reported by CTech.

Which company acquired Silverbyte?

Silverbyte was acquired by Priority Software in June 2022.

When was Silverbyte founded?

Silverbyte was founded in February 1992.

What is Silverbyte's primary product line?

Silverbyte's primary product line is Optima, a suite of hotel management software solutions.