Priority Software Acquisition, Valuation, Funding & Investors

Priority Software was acquired by Blackstone for $800M in May 2024.

Priority Software acquisition price

$800M

Acquired by Blackstone · May 2024

Cumulative funding Priority Software raised

$125M

across 1 funding round

Key investors in Priority Software

  • TA Associates
  • Fortissimo Capital

Priority Software Overview

About Priority Software

Priority Software is an Israel-founded developer of ERP systems deployed in over 40 countries since 1986. The company supplies modular platforms covering manufacturing, distribution, retail, and service industries with features for inventory control, CRM, financials, and real-time mobile access via cloud or on-premise setups. Priority Software serves thousands of midmarket organizations through a network of international partners.


Founded

1986

HQ

IsraelRosh HaAyin

Status

Acquired

Customer focus

B2B

Revenue model

Licensing, Subscription

Valuation

$250M (Oct 2020)

Priority Software Acquisition

Priority Software was acquired by Blackstone for $800M on 16 May 2024.

Before the acquisition Priority Software had raised $125M across 1 funding round.

Blackstone Growth and affiliated funds entered into a definitive agreement in May 2024 to acquire a majority stake in Priority Software, an Israeli enterprise software company providing mission-critical cloud-based ERP and business applications, at an $800 million valuation. Priority offers comprehensive solutions including Priority Business Applications for ERP, Priority Retail for omnichannel retail management, Priority Hospitality for property management, and Priority Education for pedagogical management, serving over 17,000 customers and 300,000 end users across industries like retail, hospitality, and education. The company employs 500 staff across five offices in Israel, the US, and Belgium, supported by more than 100 global partners, with total acquisitions since 2013 amounting to $215 million, including $107 million post-2020. Blackstone is purchasing the majority from existing investors Fortissimo Capital, which acquired Priority for $55 million in 2013, and TA Associates, which bought 50% from Fortissimo in 2020 at a $250 million valuation; both sellers are rolling over part of their stakes. This transaction marks Blackstone's largest deal in Israel since opening its office in 2021, leveraging its software expertise from over 230 portfolio companies to fuel Priority's expansion across industries, markets, and geographies. Advisors included Evercore as financial advisor to sellers, with legal counsel from Goodwin, Gornitzky for sellers, and Kirkland & Ellis, Meitar for Blackstone; terms beyond valuation undisclosed.

Priority Software acquisition details
AcquirerDateTypePrice
16 May 2024PE buyout$800M

Priority Software Valuation

Priority Software is currently valued at $250M, based on its undisclosed-stage round in October 2020.

The $125M round was led by TA Associates, with participation from Fortissimo Capital.

Priority Software valuation by funding round

Priority Software valuation by funding round
DateStageValuation
Oct 2020Undisclosed stage$250M

Priority Software Funding History

Priority Software has raised a total of $125M across 1 funding round.

Priority Software funding rounds

Priority Software funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2020Undisclosed stageTA Associates (lead); Fortissimo Capital$125M$250MTA Associates completed a significant growth investment in Priority Software Ltd. on October 5, 2020, joining existing investor Fortissimo Capital as an institutional investor. Priority Software is a leading global provider of Enterprise Resource Planning (ERP) software serving manufacturing, construction, healthcare, pharma, services, and retail markets. The company serves more than 10,000 customers with over 300,000 end users across five offices in Israel, the U.S., the UK and Belgium, and employed over 200 people at the time of the 2020 investment. The capital was intended to support Priority Software's product development and international expansion plans as the cloud and on-premise ERP provider pursued further organic and acquisitive growth. According to Stefan Dandl, Senior Vice President at TA Associates, the firm viewed Priority as a market leader in the Israeli ERP space with significant untapped potential for expansion internationally. The investment marked TA Associates' continued expansion in the enterprise software sector, leveraging the firm's extensive experience scaling profitable technology companies. Following the 2020 growth investment, Priority Software continued to expand and attracted further capital, eventually leading to Blackstone's acquisition of a majority stake in May 2024, with TA Associates and Fortissimo retaining stakes in the company.

Who has invested in Priority Software?

2 investors have backed Priority Software across its funding rounds, including TA Associates and Fortissimo Capital.

Lead investors include TA Associates.


Priority Software Investors

Investors in Priority Software by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Priority Software

Priority Software has acquired 13 companies to date.

Last acquisition by Priority Software was on June 24th 2026. Priority Software acquired Obol for undisclosed valuation.


Latest Acquisitions by Priority Software

Obol
Exponet
SCS
Retailsoft
Description
Obol is a financial technology company that offers cash-flow management software to corporate finance teams. The platform automates forecasting, provides live visibility into liquidity, and supports scenario modeling.
Exponet is a Tel Aviv-headquartered construction management software platform automating project bidding, procurement, scheduling, and compliance tracking. It integrates BIM models, real-time dashboards, and mobile apps for contractors, architects, and owners in Israel and the Middle East, reducing delays through AI-driven risk analysis.
SCS is an implementation partner specializing in Priority Software's mobile workforce and native warehouse management systems. The company deploys WMS modules for inventory control, picking, and shipping in distribution centers across Europe and the Middle East. SCS customizes integrations with ERP and automation hardware.
Retailsoft is a technology developer creating solutions to boost retail efficiency through process automation and revenue-enhancing tools tailored for business operations.
HQ CountryIsraelIsraelBrazilIsrael
HQ City
Tel Aviv
Tel Aviv
Goiânia
Tel Aviv
Deal Date24 Jun 202615 Oct 20253 Sep 202512 Sep 2023
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Priority Software Competitors

Priority Software competitors include listed companies like Freee and TOTVS, and private ones like Omie, Deskera, Scopevisio AG and Everest Systems.

Public and private companies comparable to Priority Software
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OmieBrazilSão PauloPrivate$102M-$700M6.9x
DeskeraUnited StatesMinneapolis, MNPrivate--$495M-
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x
Scopevisio AGGermanyGermanyPrivate--$422M-
Everest SystemsUnited StatesSan Francisco, CAPrivate--$350M-
TOTVSBrazilBrazilPublicly listed$1.1B$318M$3.8B3.2x

Priority Software Public Comps

Priority Software is no longer listed, but its public comps include Fujian Boss Software, Asseco Business Solutions, Inspur, Hangzhou Anysoft, Teamshares, Business Engineering, Koal Software, Huitongda Network, Datamatics Global Services and 74Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
Asseco Business Solutions$126M$49M5.8x5.2x14.9x12.8x
Inspur$172M($31M)3.7x2.7x(20.3x)-
Hangzhou Anysoft$150M$15M5.5x-54.3x-
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Business Engineering$157M$49M2.9x2.8x9.2x-
Koal Software$53M($9M)8.6x7.4x(49.8x)63.7x
Huitongda Network$7.8B$112M0.0x0.0x0.3x0.3x

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Common questions about Priority Software

When was Priority Software founded?Priority Software was founded in 1986.
Where is Priority Software headquartered?Priority Software is headquartered in Rosh HaAyin, Israel.
Is Priority Software publicly listed?No, Priority Software was acquired by Blackstone in May 2024.
Who acquired Priority Software?Priority Software was acquired by Blackstone in May 2024.
How much was Priority Software acquired for?Priority Software was acquired for $800M in May 2024.
What is Priority Software's valuation?Priority Software was last valued at $250M in its undisclosed-stage round in October 2020.
How much funding has Priority Software raised?Priority Software has raised $125M across 1 funding round.
What was Priority Software's last funding round?Priority Software's last funding round was a $125M undisclosed-stage round in October 2020, led by TA Associates.
Who are Priority Software's investors?Priority Software's investors include Fortissimo Capital and TA Associates.
Which companies are comparable to Priority Software?Companies comparable to Priority Software include Omie, Deskera, Freee, Scopevisio AG, Everest Systems and TOTVS.
How many companies has Priority Software acquired?Priority Software has acquired 13 companies, including Obol, Exponet, SCS, Retailsoft and Silverbyte.
What was the largest acquisition by Priority Software?The $40M acquisition of EDEA Applied Management Consulting in February 2021 is the largest acquisition Priority Software has made to date.

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