David Berkal | CEO,
Banyan Software
As we wrap up the year, I’ve been reflecting on what an incredible period of growth this year has been for us, with new companies joining from all corners of the globe. Each one brings its own story, people, and ambition, and seeing them become part of our community has been a real highlight.
This was also the year we went all in on AI. I think many are still in “wait and see” mode or at most “test and experiment,” whereas we’ve definitely moved to action. It’s amazing to see the speed of change our companies can now drive. Owners we speak with generally fall into two camps: those who don’t know where to start and those who are already generating revenue and helping transform their customers’ day with new functionality. Both are exciting to work with. It has been energizing to help our operating companies, and the owners we meet, see what is possible with the tools we already have available today, and then support them as they move from learning toward action.
Most importantly, I am so proud of our teams this year. Our businesses are beating budget, achieving double-digit growth, and have ambitious sights set for 2026. Every time we come together to share learnings, I walk away inspired.
What also stands out to me is how strongly our model continues to resonate with sellers and management teams. People want a long term, growth oriented, and purpose driven partner that gives them real autonomy. They want an alternative to selling to private equity or strategics, and they want to know their company and their people will be looked after. The idea of a permanent home with real support continues to set us apart.
We now have a nearly ten-year track record of helping mostly bootstrapped software companies grow and truly take their business to the next stage. We have honored our commitment to never sell a business, and we continue to strive for 100 percent referenceability from every seller who has trusted us with their legacy.
Thank you to every team member, leader, and partner who contributed to this year. I’m grateful for what we have built together, and I’m excited for what comes next.
Medtech Global
A leading provider of healthcare technology in Australia and New Zealand, offering practice management, payment solutions, and a digital application ecosystem.
Mosaic Learning
Delivers a cloud-based platform for learning management, member engagement and event management tailored for unions, training funds and corporate organizations.
Agile Fleet
Provides fleet management information systems with capabilities for vehicle sharing and utilization optimization across government, education, transit and utility sectors.
Flexi‑Dent
A Hungarian practice-management software provider for dental clinics of all sizes, supporting patient records, billing, scheduling and profitability tools.
FoxInsights
Supplies IoT-based remote-tank monitoring and AI-driven analytics solutions for asset-intensive industries like energy, mobility and recycling.
WebOps
Offers an end-to-end inventory management platform for high-value surgical inventory in the medical-device and distributor space, especially in orthopedics.
i4pro
A Brazil-based provider of policy administration software for property & casualty, life and reinsurance carriers in a regulated market.
CFS Solutions
Delivers deposit-automation and check-imaging solutions for ATMs and ITMs, serving community banks and credit-unions with hardware and workflow integrations.
Point & Click
Supplies EHR and practice-management software tailored for college and university health services, including medical, counseling and student-care workflows.
Anago
A Netherlands-based planning and resource-optimization software company focused on public-sector institutions (education, healthcare, local government) with modular low-code tools.
TeamUp
Switzerland-based provider of cloud-based calendaring and scheduling tools that help organizations coordinate people, resources and projects with ease.
Intuitive Systems
A UK-based provider of reservation and booking platforms for the leisure travel industry, supporting online travel agents, tour operators and hotels with its iVector system.
Approach to AI
AI in Action
In 2025, we made a very deliberate choice to step up our investment in AI. We increased resources, built the right internal expertise, and equipped our operating companies with the knowledge they need to use these tools in ways that truly change how they work. This has moved us well past basic experimentation and into practical, measurable impact across the portfolio.
To give you an idea, weʼve built a suite of AI growth enablement programs designed specifically for small to mid-sized software companies. These initiatives help teams work smarter and faster through:
Hands-on support with tools like Copilot, Cursor, and OpenAI APIs
Workshops in areas such as code modernization, automated testing, and product ideation
An AI Readiness Scorecard that identifies each companyʼs potential for modernization, technical agility, and data-driven opportunities
Our AI, and Sales and Marketing Guilds where we share proven playbooks, best practices, and success stories to empower teams to adopt AI in daily operations.
| 2–10x |
productivity gains |
The results speak for themselves. At one of our businesses, an AI-assisted UI upgrade project was reduced from 800 to 400 engineering days. Some teams are seeing 2–10x productivity gains in areas like legacy code cleanup and test automation, particularly among junior developers.
As we continue learning, our goal remains the same: to help our companies stay competitive, build responsibly, and create lasting value.
| Impact |  |
A year of Impact
As we continue to grow, we’re focused on something that matters even more: turning that progress into positive impact for people and the planet. Endowed with a $100 million commitment of stock, the Banyan Software Foundation grew its reach and impact in 2025. Our grants supported organizations using technology to unlock opportunity and drive sustainability, from upskilling workers to enabling the global energy transition.
We were honored to be named to the 2025 Inc. 5000 list of Fastest-Growing Private Companies for the fifth year in a row.
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WEBINAR |
Selling Your Business in 2026