Banyan Software Acquires Harrier-National (Sales) Pty. Limited

Banyan Software Acquires HWA International Inc.

June 30, 2021

Software

Banyan Software, a permanent-capital acquirer of niche enterprise software businesses, has acquired HWA International Inc., a Memphis-based provider of trust accounting software. The deal transfers control from HWA CEO Harry Sullivan to Banyan, preserving the business for the founder’s eventual retirement while positioning HWA for continued investment and growth.

Banyan Software Acquires Hancock Software Inc.

March 12, 2025

Software

Banyan Software, a permanent-capital acquirer of enterprise software businesses, has acquired Hancock Software Inc., a provider of energy program management software used by utilities, state governments, and community action agencies. The acquisition will support Hancock's product innovation and scaling efforts for Hancock Cloud and Hancock MINT to better serve energy-efficiency programs and government customers.

Banyan Software Acquires Berkeley Myles Solutions Ltd.

June 9, 2025

Software

Banyan Software has acquired Berkeley Myles Solutions Ltd., a Glasgow-based provider of material requirements planning (MRP) software. The deal expands Banyan's UK software portfolio and provides Berkeley Myles with permanent-capital backing to accelerate product innovation while maintaining customer service.

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.

Banyan Software Acquires Shapeshifter

January 17, 2025

Cloud & SaaS

Banyan Software has acquired Shapeshifter, a cloud-based optimization platform for apparel manufacturers founded by Dr. Hamish Dean in 2003. The acquisition brings Shapeshifter's fabric-costing, buying and cutting optimization capabilities into Banyan's portfolio to help scale the product globally and drive efficiency and sustainability for apparel manufacturers.

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.