Priority Software Acquires Silverbyte, A Leading Provider Of Property Management Software (Pms)
Jun 27, 2022•about 3 years ago
Acquiring Company
Priority
Acquired Company
Silverbyte
Data And AnalyticsSoftwareOtherInformation Technology
Description
Priority Software Ltd., a leading global provider of business management solutions, announced the enhancement of its product offering with the acquisition of Silverbyte, a leading provider of property management software.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed