Divestiture • Software

Bilt Rewards Acquires Banyan

On March 13, 2025, Bilt Rewards acquired software company Banyan from Nuvi

Acquisition Context
  • This is Bilt Rewards’ 1st transaction in the Software sector.
  • This is Bilt Rewards’ 1st transaction in the United States.
  • This is Bilt Rewards’ 1st transaction in New Jersey.

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M&A Deal Summary

Date March 13, 2025
Target Banyan
Sector Software
Buyer(s) Bilt Rewards
Sellers(s) Nuvi
Deal Type Divestiture
Advisor(s) Financial Technology Partners - FT Partners (Financial)

Target Company

Banyan

Holmdel, New Jersey, United States
Banyan is a patient experience software company, that provides digital marketing, reputation management, and patient communications solutions. Banyan was founded in 2013 and is based in Holmdel, New Jersey.
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Buyer Overview 1

Buyer

Bilt Rewards

New York, New York, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Bilt Rewards is a payments and commerce network that transforms housing and neighborhood spending into rewards and benefits for everyone involved. Bilt Rewards is based in New York, New York.


Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1

Seller Profile 1

SELLER

Nuvi

Lehi, Utah, United States

Category Company
Founded 2005
Sector Software
DESCRIPTION

Nuvi is a provider in enterprise social management software, provides real-time solutions for brands to lead rather than react in social and across the web. Nuvi empowers brands to listen in real-time, plan, publish, engage, and analyze in one powerful and collaborative social marketing and brand management platform. Nuvi was founded in 2005 and is based in Lehi, Utah.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: New Jersey 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 Banyan

Holmdel, New Jersey, United States

Banyan is a patient experience software company, that provides digital marketing, reputation management, and patient communications solutions. Banyan was founded in 2013 and is based in Holmdel, New Jersey.

Buy -