“Tel Aviv District, Israel – January 4, 2018 – Priority Software Ltd., a leading provider of Business Management solutions, today announced the expansion of its global operations with the recent acquisition of Acclivity, a New Jersey-based software developer. Best known for their award-winning AccountEdge software, powerful small business accounting for the Mac and Windows desktop, privately-held Acclivity develops and supports a range of small business accounting solutions for the company’s 75,000+ customers from various market sectors.
As part of Priority’s continued global expansion, the new acquisition of Acclivity follows the company’s purchase of Israel-based Monitin Information Systems ERP activity earlier this year and prior, the establishment of Priority Software U.S. in 2016, following the purchase of US-based ERP consulting and services firm, Performa Apps.
Priority Software empowers companies and organizations of all sizes by providing the most comprehensive, flexible and affordable ERP solutions on the market today. Available both on premise and as SaaS, Priority is targeted to the SME market to offer an alternative to the complex, costly traditional ERP systems from giant vendors.
Acclivity services small businesses in a variety of industries, with a product suite that includes AccountEdge Basic, AccountEdge Pro, Checkout POS and Rerun, a recurring billing solution. Optional add-on modules include AccountEdge Connect, Payroll, Credit Card Processing, Web Pay, Shopify Connector and more.
“As we welcome Acclivity, its employees and customers, into Priority’s group of companies, we believe that their expertise in small business accounting solutions will greatly contribute towards expanding our product offering,” said Andres Richter, Priority CEO. “We are united by a common business culture and the desire to deliver quality solutions that serve customers’ real needs. There is a great synergy between our two companies and the acquisition now makes Priority a contender in the small business accounting software market in North America, enhancing the company’s future growth and performance from both lines of business. Acclivity brings in excellent products and an established consumer base of over 75,000 satisfied customers.”
“We’ve found a partner in Priority who both values our existing AccountEdge products and customers, while recognizing the opportunity for Priority’s solutions in the US, especially with the growing search for robust cloud solutions” commented Tom Nash, Acclivity Co-Founder. “We’re excited by what’s ahead.”
“This acquisition is simply a win/win for both companies and customers,” added Scott Davisson, Acclivity Co-Founder. “AccountEdge customers continue to receive our undivided attention, while Priority’s powerful portfolio of products are incorporated into the lineup as a potential next step for those AccountEdge businesses who need more, as well as a viable option for US businesses of all sizes and industries.”
Oberon Securities LLC, a boutique investment bank based in New York City, advised Priority Software on the transaction.”