M&A Deal Summary

Banyan Software Acquires Softera

On July 3, 2024, Banyan Software acquired software company Softera

Acquisition Highlights
  • This is Banyan Software’s 13th transaction in the Software sector.
  • This is Banyan Software’s 1st transaction in Finland.

M&A Deal Summary
Date 2024-07-03
Target Softera
Sector Software
Buyer(s) Banyan Software
Deal Type Add-on Acquisition

Target

Softera

Espoo, Finland
Softera provides Business Support Systems (BSS) tailored for the broadband market in Finland. The company offers tools to manage and enhance the customer experience, with its CCaaS platform tailored for various industries. Softera was formed in 2007 and is based in Espoo, Finland.

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Buyer(S) 1

Buyer

Banyan Software

Atlanta, Georgia, United States
Category Company
Founded 2016
Sector Software
DESCRIPTION

Banyan Software, Inc. is an acquirer, builder and grower of enterprise software businesses. Banyan works with both sellers who are looking to stay on in a management role but seek liquidity and those looking to exit completely. Banyan's long-term plan isn’t to resell businesses down the road but aims to provide a permanent home for software businesses.

DEAL STATS #
Overall 17 of 17
Sector (Software) 13 of 13
Type (Add-on Acquisition) 17 of 17
Country (Finland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 BeQuick

Jupiter, Florida, United States

BeQuick is a telecommunications platform servicing MVNO's (Mobile Virtual Network Operators). Known for their customer-centric approach, BeQuick delivers white-label solutions that manage the entire life cycle of mobile service providers. BeQuick was founded in 2002 and is based in Jupiter, Florida.

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