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Fortissimo Capital Fund Finalizes Acquisition of Eshbel Technologies

February 4, 2014

Private equity fund Fortissimo Capital Fund announced that it has acquired full ownership of Eshbel Technologies after receiving court approval of the transaction. According to a release, Eshbel, founded in 1986, is the developer of Priority, proprietary ERP software for small and medium businesses that is installed in more than 5,500 customers in 30 countries, with more than 200,000 users. Priority is a fully-integrated ERP software solution serving a 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. The industrial sectors for which Priority provides a full solution include: medical, electronics manufacturing, software, project management, food distribution, metal and plastic manufacturers, and service providers. Yuval Cohen , founder and managing partner of Fortissimo, said: "Fortissimo as a fund focuses on creating value from growth. We are attracted to Eshbel primarily due to its leadership position in Israel and its potential worldwide. We believe that we can expedite the growth of the company by expanding the modules available as well as the addressable industrial sectors and through geographic expansion. An important element of the growth strategy of the company is a substantial investment in the infrastructure, in particular, with respect to R&D, support, marketing, and service to strengthen the technological leadership of Priority." ((Comments on this story may be sent to newsdesk@closeupmedia.com ))


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