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Banyan Software Announces Acquisition Of Innovatum

Nov 15, 2022•about 3 years ago

Acquiring Company

Banyan Software

Acquired Company

Innovatum

AtlantaSoftwareBiotechnologySoftware

Description

Banyan Software, Inc., a company focused on acquiring, building, and growing great enterprise software businesses, is excited to announce the acquisition of Innovatum. Innovatum's enterprise labeling software solutions enable the automation of product and package labeling and regulatory data upload in the life sciences industry.

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