Banyan Software Acquires Hancock Software Inc.

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 Northwoods Consulting Partners, Inc.

December 9, 2025

Cloud & SaaS

Banyan Software has acquired Northwoods Consulting Partners, Inc., a provider of cloud-native software (Traverse) and services for state and county Health & Human Services agencies. The acquisition expands Banyan's public sector capabilities and will support further investments in Traverse, automation, and AI tools for frontline caseworkers.

Banyan Software Acquires HealthRx Corporation

June 15, 2021

Software

Banyan Software, a permanent-capital enterprise software acquirer, has purchased HealthRx Corporation, a Fairfax, Virginia–based provider of research workflow, lab safety and occupational health management software (the Nexus platform). The acquisition brings HealthRx's specialized compliance and medical surveillance capabilities into Banyan's portfolio to support continued investment and product growth in the biomedical research and government health markets.

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 Next Chapter Technology

July 14, 2021

Software

Banyan Software acquired Next Chapter Technology, a Minnesota-based provider of CaseWorks electronic document and forms management software for county Health and Human Services departments. Cherry Tree advised the shareholders on the 100% sale; Banyan intends to invest in and grow Next Chapter's product and expand its reach beyond Minnesota.