The Blackstone Group to acquire a majority stake in Priority Software.

The Blackstone Group, an American alternative investment management company based in New York City, agreed to acquire a majority stake in Priority Software, a provider of mission-critical business software. Financial terms were not disclosed. "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," Yifat Oron, Blackstone Senior Managing Director and head of its Israel office.