Banyan Software Announces Acquisition Of Hello Labs, Inc (Dba Bequick)

Feb 01, 2023•over 2 years ago

Acquiring Company

Banyan Software

Acquired Company

Hello Labs (dba BeQuick)

AtlantaSoftwareWirelessHardwareMobile

Description

Banyan Software, Inc., a company focused on acquiring and growing great enterprise software businesses for life, is excited to announce the acquisition of Hello Labs, Inc (dba BeQuick). BeQuick is a market-leading telecommunications platform that manages the entire life cycle of mobile service providers.

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