Banyan Software Acquires Fedelta

Banyan Software Acquires Millennium Computer Systems

August 17, 2021

Software

Banyan Software, a permanent-capital acquirer of niche enterprise software businesses, has acquired Millennium Computer Systems, the Victoria, British Columbia–based developer of FAST, a suite of finance, HR and student reporting tools for higher-education administrators. Banyan says it will continue to invest in Millennium’s products and operations to support continued development and service for higher-education clients.

Banyan Software Acquires Agile Fleet

June 5, 2025

Software

Banyan Software has acquired Agile Fleet, a founder-led provider of fleet management software and services. Progress Partners served as exclusive financial advisor to Agile Fleet on the strategic sale, which Banyan says will support continued growth of Agile Fleet’s vertical SaaS offerings under long-term ownership.

Banyan Software Acquires Basil Inc.

October 21, 2025

Software

Banyan Software has acquired Basil Inc., a Belgium-based provider of workflow and performance management software for the notary sector. The deal expands Banyan’s Benelux footprint and brings Basil’s cloud-native NotaPulse platform and Ventose data capabilities into Banyan’s portfolio to support continued growth and product development.

Banyan Software Acquires CFS Solutions

July 25, 2025

Software

Banyan Software has acquired CFS Solutions, a Tallahassee-based provider of deposit automation and check imaging software for ATMs and ITMs that serves over 500 community banks and credit unions. The acquisition expands Banyan's financial services software portfolio and will enable additional investment in CFS's product integrations and customer support.

Banyan Software Acquires Medtech Global

February 19, 2025

Software

Banyan Software has acquired 100% of Medtech Global, a New Zealand–headquartered provider of practice management and health technology solutions including Medtech Evolution, Artia, Medeor and ALEX. The seller parties were Advent Partners and Geoffrey Sayer (Medtech CEO), who will remain as CEO under Banyan's ownership; the deal strengthens Banyan's healthcare software footprint across Australia and New Zealand.

Bilt Rewards Acquires Banyan

March 17, 2025

Data & Analytics

Bilt Rewards has acquired Banyan, the item-level receipt data platform that has analyzed more than 20 billion receipts and processed over $200 billion in spend. The acquisition (Bilt's first) will integrate Banyan's receipt-level intelligence into Bilt's payments and neighborhood commerce network to power hyper-personalized rewards, automated FSA/HSA reimbursements, and expanded merchant experiences; Banyan will continue to operate independently under CEO Jehan Luth.