M&A Deal Summary

Priority Software Acquires Ovdimnet

On October 12, 2021, Priority Software acquired software company Ovdimnet

Acquisition Highlights
  • This is Priority Software’s 5th transaction in the Software sector.
  • This is Priority Software’s 2nd transaction in Israel.

M&A Deal Summary
Date 2021-10-12
Target Ovdimnet
Sector Software
Buyer(s) Priority Software
Deal Type Add-on Acquisition

Target

Ovdimnet

Tel Aviv, Israel
website
Ovdimnet is a provider in the development and provisioning of advanced management and control software solutions for employee attendance, employment contracts, and project monitoring. Ovdimnet's expertise and market know-how is reflected in its customer support and service, from the system specification phase (processes, job definitions, reporting & control procedures, and integration with other HR management systems), through the initial implementation phase, including employee training. Ovdimnet was founded in 2001 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Priority Software

Rosh Haayin, Israel

website

Category Company
Founded 1986
Sector Software
DESCRIPTION

Priority Software is a fully-integrated, comprehensive ERP software solution serving a wide spectrum of industries and organizations, including multi-national and multi-lingual corporations. Its main modules include: finance, manufacturing, logistics, human resources, time and attendance, payroll, business intelligence, project management and customer service and support. Priority Software was founded in 1986 and is based in Rosh Haayin, Israel.

DEAL STATS #
Overall 5 of 7
Sector (Software) 5 of 7
Type (Add-on Acquisition) 5 of 7
Country (Israel) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 EDEA Applied Management Consulting

Lod, Israel

EDEA Applied Management Consulting Ltd. is a provider of UNIFIED COMMERCE solution, that enables retailers to deliver an advanced Omnichannel customer experience. Edea specializes in the retail and hospitality industries, known for its flagship 'OneCore' product, a headless commerce solution designed via microservices to serve all commerce's unique core business capabilities to various front-end solutions developed by Edea, such as mobile POS, self-service kiosk, online ordering apps, and to any third parties, including e-commerce, payments, CRM, and marketing automation solutions and providers. EDEA Applied Management Consulting was founded in 2005 and is based in Lod, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Softsolutions

United States

Softsolutions is a provider of Priority ERP- based mobile applications, web portals, and an advanced Warehouse Management System. The Company specializes in creating an advanced user experience while combining the rich system functionality and existing business processes and turning them into various complementary applications for field services, customers, and suppliers.

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