What founders say after choosing Banyan.

It didn’t take long to realize that Banyan’s stated vision of building a long-term home of great software companies was quite unique. We got to know David and the team and had calls with board members who affirmed their enthusiasm for the Banyan model.

My initial impressions of Banyan before signing the Letter of Intent were affirmed in due diligence. They were thorough, professional, responsive and collaborative throughout the process. The outside firms they engaged (accounting, legal & intellectual property) were also professional.

A deal falling through at the 11th hour after having involved a number of key employees could be very damaging. Just as important is confidential client due diligence. Banyan respected these concerns and agreed to our suggestions on who to involve, how and when.

Beyond the P&L, Banyan sought to understand our company culture, employees, products and market. Last but not least, Banyan demonstrated a respect for me as an owner and our company’s story.

I felt then, and still believe, that Banyan will be a good steward of Medicat’s future by bringing new talent, ideas and resources to bear.

Consequently, the deal closed in a timely manner and the ownership transitioned without the drama that can accompany such a milestone.

After long discussions about the future of our business, we concluded that the best long-term decision would be to seek a strategic buyer. Our desire was to find a partner who would ensure continuity for our customers and staff.

We received numerous offers for our business before eventually deciding on Banyan Software. Several things set Banyan apart, outweighing other offers that were as much as 15% higher, including:

• Their long-term horizon and willingness to invest in the firm
• A board of directors with extensive software experience
• The integrity of their executive team

The deal due diligence and negotiation process was thorough, tough at times, but in the end fair to both parties. Having been through this process several times in the past, I found that my gut was right in selecting Banyan. I knew if we selected a firm with a long-term view and strong morals, the details would work themselves out.

Today we find ourselves moving forward on the expanded sales and marketing efforts we discussed. The outside perspective has given new insight into opportunities for growing the business. Our future is bright and I feel confident the legacy of the company will continue for a long time to come.

After 15 years of growing Argus we felt it was time to take that next step. We were looking for someone who had the credentials to look after our team and continue to grow it even further. Banyan seemed like the right fit and, since the acquisition, this has proven to be the case.

Banyan’s values aligned well with our own, in being a people-first organization, and this was demonstrated to us throughout the M&A process. We had many discussions around company culture and values.

Being a family owned business, sometimes it’s hard to work on the business rather than in it. Having the support of a larger organization and our operating partner, who works with us to provide guidance and bring new ideas, has been amazing. I have gained new knowledge and experience, and I know Argus is on a trajectory to even greater growth thanks to their input.

I am so confident in our decision to join Banyan, that I will happily talk to any potential seller about our experience and how great the team at Banyan has been.