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Announced

Priority Software to acquire Ovdimnet.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Israel

Software

Pending

workforce management platform

Private

Friendly

Majority

Acquisition

software development

Domestic

Synopsis

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Priority Software, a global provider of business management solutions, agreed to acquire Ovdimnet, a provider of software for workforce management. Financial terms were not disclosed. "The acquisition of Ovdimnet's activities will significantly enhance our solutions offering for Priority customers that need to support complex and geographically dispersed organizational structures, and workforces," Sagive Greenspan, Priority Software CEO.

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