Banyan Software Acquires CFS Solutions
July 25, 2025
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.
- Buyers
- Banyan Software
- Targets
- CFS Solutions
- Sellers
- Mike Conlan (founder and former CEO)
- Industry
- Software
- Location
- Florida, United States
- Transaction Type
- Buyout
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