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Banyan Software Announces Acquisition Of Next Chapter Technology

Jul 15, 2021•almost 4 years ago

Acquiring Company

Banyan

Acquired Company

Next Chapter Technology

Holmdel

Description

Banyan Software, Inc., a company focused on acquiring, building and growing great enterprise software businesses, is pleased to announce the acquisition of Next Chapter Technology, a company that provides document and forms management software to county governments.

Company Information

Company

Banyan

Location

Holmdel, New Jersey, United States

About

Banyan is the item-level data infrastructure powering loyalty collaborations across retail & banking to enable better customer experiences. Enabled by Banyan's data infrastructure, merchants can seamlessly and securely monetize their precision receipt data, unlocking powerful insights and new marketing opportunities. Banyan provides our merchant partners complete transparency and control, while our privacy-by-design architecture requires consumer consent before any receipts are shared. Banks, Fintechs, and other Financial Institutions gain more efficient and effective access to item-level transaction data, enabling them to create more incredible experiences and products to serve and grow their customer bases.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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