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Banyan Software Acquires FoxInsights GmbH to Expand IoT-Based Remote Tank Monitoring Solutions

Jan 28, 2025•11 months ago

Acquiring Company

Banyan Software

Acquired Company

FoxInsights

AtlantaMunichSoftwareMachine LearningArtificial IntelligenceAnalytics

Description

Banyan Software, a leading acquirer and permanent home for great enterprise software businesses, has acquired FoxInsights GmbH, a market leader in IoT-based remote tank monitoring and data-driven asset management solutions for the energy sector. This strategic acquisition positions Banyan Software to further enhance FoxInsights' solutions and expand its global impact in the energy sector.

Company Information

Company

Banyan Software

Location

Atlanta, Georgia, United States

About

Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. Banyan's mission is to acquire, build, and grow great enterprise software businesses all over the world with dominant positions in niche verticals. Founded in 2016, the company follows a buy-and-hold-for-life strategy and is set up with a permanent capital base to preserve the legacy of founders. As a purpose-driven company, Banyan is committed to making an enduring, positive impact on the world.

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M&A Insights

Based on deal data
Integration 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