Banyan Software Announces Acquisition of The Lake Companies, Inc.

Banyan Software, a leading acquirer and permanent home for great software businesses, is proud to announce its latest acquisition of The Lake Companies, Inc. The Lake Companies, led by CEO and founder, Greg Lake, has been a trusted provider of Infor SyteLine ERP solutions and proprietary add-on modules since its establishment in 1983.

The Lake Companies started its journey as a channel partner for Micro Manufacturing Systems software, now known as Infor. Over the years, Lake developed proprietary modules—Shop-Trak and Doc-Trak—to address specific functionalities within Infor’s SyteLine ERP product, catering to SMB manufacturers globally.

“We are thrilled to welcome The Lake Companies into the Banyan family. Greg Lake and his team have built an exceptional suite of solutions, emphasizing long-term value creation and a customer-centric philosophy.

Arun Srinivasan • Operating Partner, Banyan Software

Our goal has always been to provide exceptional value to our customers. We decided Banyan was the perfect home for the future of the company due to both their track record of acquiring and scaling B2B software businesses globally, and, more importantly, their buy-and-hold for life strategy and customer-first approach. I am excited to lead The Lake Companies into this next phase of growth.

Greg Lake • CEO of The Lake Companies

About The Lake Companies, Inc.: Founded in 1983, The Lake Companies is a provider of enterprise resource planning (ERP) business software solutions and authorized Infor Channel Partner providing SyteLine ERP (CloudSuite Industrial) software solutions to discrete manufacturers. Additionally, we are the developer of the Shop-Trakâ„¢, Fact-Trakâ„¢, and Doc-Trakâ„¢ enhancement applications for SyteLine. These software products are used by manufacturers worldwide to make the SyteLine ERP platform even more powerful and efficient. For more information, please visit: lakeco.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.

Related content

SELLER STORY

TransPlus: Big decisions and big-picture thinking

After 20 years building and scaling a comprehensive software platform for the entire transportation management lifecycle, the owners of TransPlus were ready for a change.

VIDEO

CEO Spotlight: Ardi Batmanghelidj

Hear Ardi, CEO and co-founder of Innovatum, share his story of growing and nurturing the business over 20 years and ultimately finding it a new home with Banyan.

author avatar
Deanne Reimer

Start typing and press Enter to search

Shopping Cart