Silverbyte News
3 articles
growth-positive
Sunbit Launches No-Fee Credit Card - Los Angeles Business Journal
Fintech company Sunbit has introduced its own no-fee credit card that competes with buy now, pay later firms. The Sunbit Card offers personalized APR and flexible payment plans. It has already attracted over 65,000 early-access cardholders and has 400,000 additional consumers on its invitation list. Sunbit aims to expand the adoption of its card, targeting the subprime marketplace. The companys challenge lies in reimagining how a card works in an industry with card-based legacy technology and competing against established firms like Klarna. Convincing consumers and merchants to adopt its services will be crucial for Sunbits success.
CustomersExpand
growth-positive
Priority Software acquiring SilverByte for around $35 million CTech
SilverByte, a hotel management software company, is being sold for NIS 120 million to Priority Software. The acquisition is owned by global growth private equity firm TA Associates and Israeli private equity firm Fortissimo Capital. SilverBytes product, named Optima, is installed in hotel groups worldwide and provides features and functions to simplify daily work. The company is profitable with an annual growth rate of 10-20%. The acquisition will not result in any management changes, and SilverBytes CEO will continue to run the company. Priority Software is making its fifth acquisition in the past 16 months, spending a total of NIS 400 million. Priority Software provides cloud-based and on-premise business management solutions for organizations of all sizes.
Acquisition
growth-positive
Hospitality Upgrade IDeaS and Silverbyte Partner to Provide Two-Way Data Integration
IDeaS has announced a new technology partnership with Silverbyte, Ltd. The partnership aims to provide enhanced performance, productivity, and profitability for the global hotel industry by integrating IDeaS revenue management solutions with Silverbytes property management software, Optima PMS. The integration will empower hotels and resorts with more granular levels of data analysis, enabling improved sales and booking strategies, accurate forecasting, precise pricing, and increased occupancy. Silverbyte is the largest hospitality technology provider in the region, with Optima PMS implemented at 85% of Israels hotel properties. The partnership is expected to equip IDeaS and Silverbyte clients worldwide with powerful pricing and forecasting capabilities for a more confident revenue strategy.
Partners
