Banyan Software Acquires Hancock Software Inc., a Leading Provider of Energy Program Management Solutions

Banyan Software, Inc., a company focused on acquiring, building, and growing great enterprise software businesses for life, is pleased to announce its acquisition of Hancock Software Inc., a leading provider of energy program management software.

Founded in 2004 by Lily Li, Hancock Software has been a pioneer in field service technology, supporting energy efficiency initiatives for utilities, state governments, and community action agencies (CAAs). Hancock Software’s flagship products, Hancock Cloud and Hancock MINT, offer comprehensive solutions for energy audits, compliance reporting, data management, and funding allocations.

Hancock Software has built a strong reputation as a trusted partner for utilities and government agencies seeking to enhance energy efficiency. Their innovative technology and deep market expertise position them for continued success. As the need for scalable energy solutions grows, we are excited to invest in Hancock’s next phase of expansion and innovation.

Arun Srinivasan • Operating Partner at Banyan Software

For nearly two decades, Hancock Software has been committed to helping our customers and partners efficiently manage energy efficiency programs. Joining Banyan provides a strong foundation, enabling us to focus on innovation and delivering even greater value to our customers. With Banyan’s support, we can strengthen our capabilities, scale our impact, and further empower utility and government customers in optimizing energy efficiency programs.

Lily Li • Founder and CEO of Hancock Software

About Hancock Software Inc. Hancock Software is a recognized leader in energy program management software, empowering utilities, state governments, and community action agencies with innovative technology to streamline energy audits, compliance reporting, and funding allocations.
For more information, please visit hancocksoftware.com.

About Banyan Software, Inc. Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. Banyan’s mission is to acquire, build, and grow great enterprise software businesses all over the world with dominant positions in niche verticals. Founded in 2016, the company follows a buy-and-hold-for-life strategy, and is set up with a permanent capital base to preserve the legacy of founders. As a purpose-driven company, Banyan is committed to making an enduring, positive impact on the world. The company is one of North America’s fastest-growing private businesses with offices across the US, Canada, the UK, EU and APAC.

Related content

GUIDE

Finding the right fit

This 3-stage guide is designed for business owners considering a sale, now or in the future.

VIDEO

CEO Spotlight: Jan O'Hara

Jan speaks about founding LEVL, the specific qualities they sought in a partner, and his enthusiasm for continued growth and development with the support and resources provided by Banyan Software.

author avatar
Deanne Reimer

Start typing and press Enter to search

Shopping Cart