Blackstone to Acquire Majority Stake in Priority Software

Blackstone today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have entered into a definitive agreement to acquire a majority stake in Priority Software, a leading provider of mission-critical business software. Blackstone’s investment will help build on the company’s position at the forefront of the ERP software market and support its further growth across industries and markets.

Priority Software offers robust mission-critical business applications and ERP solutions across various industries, enhancing business management through innovative, cloud-based applications. The company’s comprehensive product suite, which includes solutions for retail management, hospitality and education, is supported by a network of 100+ partners worldwide. Its solutions play a critical role in automating complex processes and centralizing data management, helping businesses drive growth, optimize operations and, ultimately, enhance profitability while ensuring they are well-equipped to meet future challenges and capitalize on new opportunities in their respective markets. The company has more than 17,000 customers and over 300,000 end users across multiple end markets. Priority has 500+ employees located across five offices in Israel, the US, and Belgium.

Yifat Oron, Senior Managing Director at Blackstone and head of its Israel office, said, “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. 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.”

Sagive Greenspan, CEO of Priority Software, said, "The decision by Blackstone to partner with Priority Software is a testament to the strength of our business and the tremendous market opportunity that lies ahead. With Blackstone's 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."