Banyan Software announces acquisition of Argus Tracking
Banyan Software, Inc., a company focused on acquiring, building, and growing great enterprise software businesses, is pleased to announce the acquisition of Argus Tracking, a company that provides intelligent fleet management solutions for customers throughout New Zealand and Australia.
Headquartered in Auckland, New Zealand, Argus delivers integral analytics that fleet managers, operations, health and safety, and financial teams can utilize to improve business performance. The platform reporting tools allows the organization to pinpoint inefficiencies, streamline operations and keep an accurate set of records.
“We’re thrilled to welcome Argus into the Banyan family. I was extremely impressed by their comprehensive product offering that provides organizations with a range of benefits, including optimization and efficiency, health and safety, and compliance and maintenance management. Alongside Argus, we look forward to continuing to grow within the Australia and New Zealand market.”
“Spending the last 15 years building this company, I am excited about what this next chapter holds for our team and our customers. It was clear from the beginning that our culture, products, and people were of great value to Banyan. I believe that as we move forward there will be new opportunities, and continued stability and growth for the organization.”
About Argus Tracking. Founded in 2007, Argus Tracking is a leading provider of advanced vehicle and asset telematics software. Organizations subscribe to use the proprietary software to manage their fleets, increase efficiency, improve health and safety, and meet their obligations under legislation. Today, the company has ~500 customers and over 10,000 connections. For more information, please visit: argustracking.co.nz
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.