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Banyan Software Acquires Trans Plus Software
Backed by a world-class group of CEOs and investors with deep technology experience, Banyan Software acquires, builds, and grows excellent enterprise software businesses.
FREMONT, CA: Banyan Software, a company focused on acquiring, building, and growing outstanding enterprise software businesses, announced the acquisition of Trans Plus Software, a company that provides an end-to-end software solution to optimize and automate fleet and logistics management.
Banyan is backed by a world-class group of CEOs and investors with deep technology experience. With a permanent capital base, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized markets.
"Trans Plus has dedicated over twenty years to developing the best software solutions for trucking and brokerage clients," says David Berkal, CEO Banyan Software. "We are excited to partner with the whole team at Trans Plus to continue pursuing their mission of building best-in-class software for the industry, paired with incredible client support."
Founded in 1995, Trans Plus is an innovative technology provider offering both asset and non-asset based TMS (Transportation Management System) solutions. The TMS (Fleet Manager Professional or Logistics Manager Professional) not only meets the end-to-end business requirements of transportation companies but has industry-leading EDI, document management, telematics, and mileage/routing integrations. Headquartered in Guelph, Ontario, Canada, the company has spent over twenty years developing software solutions to support the transportation industry. In addition to streamlining operations and transportation management, it also offers specially designed modules for truckload and less-than-truckload carriers, intermodal container shipping, and specialized haulers.
"We are pleased that Trans Plus has found a permanent home that will continue to nurture and invest in our employees and technology," says David Wright, President & CEO, Trans Plus Software. "As we look towards the future, we know that Banyan shares our devotion to providing the best possible software to our clients and will use their resources and experience to take Trans Plus to the next level."