Banyan Software, Inc., a leading acquirer and long-term operator of enterprise software businesses, announced today that it has acquired Ready Track (dba Linxio), a Sydney-based provider of telematics and fleet management software with an international presence.
The acquisition of Linxio, a recognized leader in the industry, will enable Banyan to expand its presence in the Australian market and strengthen its position in the global telematics and fleet tracking industry. Linxio joins Banyan’s existing businesses in transportation, including TransPlus and New Zealand-based Argus Tracking.
Linxio’s software provides real-time tracking, analytics, and reporting to help businesses optimize their fleet operations. Their comprehensive, end-to-end solution helps businesses improve productivity, reduce fuel and labor costs, and boost scheduling delivery and dispatch by leveraging location-based technology and advanced data-driven telematics.
About Linxio. Based in Sydney, Australia, Linxio is a provider of telematics and fleet tracking software. Its solutions help businesses manage their fleets more efficiently and effectively, with features that include real-time tracking, analytics, and reporting. With a focus on innovation and customer service, Linxio has established itself as a leader in the fleet management industry. For more information, please visit: linxio.com
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.
