Banyan Software announces acquisition of FYB

Banyan Software, Inc., a company focused on acquiring, building, and growing great enterprise software businesses, is excited to announce the acquisition of FYB. FYB streamlines information governance and records management processes for Australian public sector agencies.

Headquartered in Melbourne, Australia, FYB offers a range of solutions, including compliance tools, electronic scanning and digitization, document control, and image management, all designed to unlock valuable insights and performance capabilities of Micro Focus’ electronic document and records management system (EDRMS).

FYB has built an impressive suite of solutions to meet the needs of their customers. Even more importantly, we were impressed by the dedication displayed by the team, and the welcoming culture built on equality and diversity. I’m excited about what’s to come for FYB as we continue to expand across Australia and beyond.

David Berkal • CEO, Banyan Software

I have been lucky to have been invited on a journey with FYB’s Founder Chris Alday over the last 18 years, and as we’ve always said it’s been an “epic ride”. Chris’s ethos has always been about the four P’s, People, Process, Performance and lastly Profit. Profit lastly because if you get the first three P’s right, the fourth P, Profit will naturally follow.

 

FYB has always put people ahead of all else, and that has enabled anyone who has interacted with FYB, both as employees or customers to be better people and organizations having worked with us. During our search for an organization to take FYB into the future and to enable it to continue to grow, we found that Banyan had very similar ethos, and we feel that FYB will be in solid hands.

Daniel Dawson • CEO, FYB

About FYB. Founded in 2004, FYB delivers the best Information Governance, Systems and Solutions to their customers. 100% Australian owned, FYB supports public sector agencies and organizations in harnessing the power of their information so they can provide excellent services to their community and customers. For more information, please visit: fyb.com.au

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.

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