Banyan Software, a leading acquirer and operator of mission-critical software businesses, is pleased to announce its acquisition of Octopus ITSM, a Montreal-based provider of cloud-based IT service and asset management software.
Founded in 2010 and headquartered in Montreal, Octopus ITSM provides an intuitive ITSM (Information Technology Service Management) and CMMS (Computerized Maintenance Management System) platform. The company is known for its highly configurable platform that helps organizations, primarily in the healthcare and education sectors, streamline internal services and support more than 250,000 users.
About Octopus ITSM. Founded in 2010 and based in Montreal, Octopus ITSM provides a cloud-based ITSM and CMMS platform designed to help organizations manage internal services and assets more efficiently. Built with ITIL® best practices in mind, the solution enables streamlined request handling, asset tracking, and end-user support across departments. Octopus serves hundreds of customers in Canada and France, with a focus on delivering long-term value through continuous improvement and close collaboration with clients. For more information, visit octopus-itsm.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.
