Banyan Software, a leading acquirer and permanent home for great software businesses, is excited to announce the acquisition of Software Answers. Software Answers’ flagship product, Oscar, provides a centralized solution for property management tasks and financial reporting, serving corporate housing, serviced apartment, and apart-hotel businesses.
Software Answers was founded in 1995, and the Oscar solution was developed to manage a regional corporate housing business in Central Florida. Subsequently, Oscar was quickly adopted in the industry due to its specialized corporate housing functionality and its enterprise-level accounting functions, which was unavailable in existing off-the-shelf property management and accounting systems. Today, the company’s property management software is the market leader in corporate housing in the United States, and their reputation as the best-in-class solution has driven long-term customer relationships with the industry’s largest providers.Â
Banyan is happy to announce that long standing employee, Chris Couture, will serve as the company’s CEO post-closing.
About Software Answers. Software Answers provides a centralized solution for property management tasks and financial reporting, serving Corporate Housing, Serviced Apartment, and Apart-Hotel businesses. The software’s key differentiating feature is a comprehensive accounting suite, which is supplemented by real-time reporting, interactive scheduling, multi-currency invoicing, payments processing and a variety of additional modules. The solution is high-touch and critical to customers’ daily execution of their operations. For more information, please visit: softwareanswers.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.
