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 integrating the latest technology into its offerings. The company's 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. Silverbyte serves the hotel and hospitality industry with solutions across Europe, Africa, Asia, and the United States, operating within the Business Software sector.

Strategic signal

In June 2022, Silverbyte was acquired by Priority Software for approximately $35 million. This acquisition signals a strategic consolidation within the hospitality technology sector, allowing Priority Software to expand its offerings and market reach with Silverbyte's established hotel management solutions. For investors, this highlights the value of specialized software providers in niche markets and the potential for strategic exits through industry consolidation.

Company Intelligence Q&A

What was a significant corporate milestone for Silverbyte?

In June 2022, Silverbyte was acquired by Priority Software for approximately $35 million, marking a significant exit for the company.

When was Silverbyte founded and by whom?

Silverbyte was founded in February 1992 by Avi Moscona, Arad Levertov, and Amnon Zusman.

What is Silverbyte's primary product offering?

Silverbyte's primary product offering is its Optima line of hotel management software, a cloud-based solution for the hospitality industry.

Has Silverbyte engaged in any strategic partnerships?

In February 2020, Silverbyte partnered with IDeaS to provide two-way data integration, enhancing their hotel management software capabilities.

Which markets does Silverbyte primarily serve?

Silverbyte primarily serves the hotel and hospitality industry, with hundreds of installations across Europe, Africa, Asia, and the United States, and a strong presence in the Israeli hotel market.