Banyan Software Further Expands in the DACH Region with Acquisition of Immo-Office
Banyan Software, a leading acquirer and permanent home for great enterprise software businesses, is pleased to announce the acquisition of German-based company, immo-portal-services GmbH (‘immo-office’). This underscores the company’s commitment to the DACH market following the recent acquisition of Swiss automated testing software provider, Element 34.
Founded in 2009, immo-office offers innovative software solutions that digitize processes within the German housing sector, with a core focus on niche housing associations. The company’s software seamlessly integrates into the ERP systems of its customers and automates over 2,000 core operational processes daily, making it a crucial enabler of digital transformation in the sector.
The acquisition was led by Banyan’s German-speaking team; Graham Carney (UK & European M&A Director) and Julian Mick (DACH Corporate Development Director).
They will be joined by Kay-Ingo Greve, who recently joined Banyan as an Operating Partner in Germany, and who will collaborate closely with the immo-office team, leveraging his prior CEO and Board-level experience across numerous SaaS and other technology companies.
“We are thrilled to welcome immo-office into the Banyan family and look forward to leveraging our resources to further strengthen their market position. We believe our model of growing companies for life, instead of looking to resell them down the road, resonates strongly with owners in the DACH region who care deeply about their clients and employees. We are excited to continue partnering with fantastic businesses across the region.”
David Berkal • CEO, Banyan Software
“From the outset, it was critical for us to find a trusted partner who not only understood our vision but also believed in the potential of our solutions. Banyan’s buy-and-hold for life model truly resonated with us, as it aligns perfectly with our commitment to long-term growth, customer success, and continued investment into our fantastic employee base.
It was a pleasure to work with Graham, Julian, and the Banyan team who clearly understood the local market dynamics in Germany which made the due diligence process seamless. We are thrilled to join forces with Banyan and are genuinely excited about working with them to continue our journey of growth.”
Volker Riedel • Co-Founder of immo-office
About immo-portal-services GmbH. Founded in 2009, immo-office has been at the forefront of digitising the housing and real estate industry for over a decade. We stand as trusted partners to housing companies, prioritising seamless integration with existing IT systems, extensive industry knowledge, and a commitment to tailor-made solutions. For more information, visit immo-office.net
About Banyan Software, Inc. Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. With a permanent capital base set up to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies. Founded in 2016, Banyan is backed by a world-class group of CEOs and investors with deep technology experience and currently operates across a growing number of verticals.
