THANK YOU FOR SUBSCRIBING
With a permanent capital base, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized markets.
Fremont, CA: Banyan Software, a company focused on acquiring, building, and growing great enterprise software businesses, announced the acquisition of Dominion Leasing Software, a company that provides innovative accounting and asset management solutions to the equipment finance industry.
"The Dominion Leasing Software team has developed an incredibly robust product that has been well-tailored to the industry's needs for over fifteen years," says David Berkal, CEO, Banyan Software. "We look forward to providing a permanent home for Dominion, and to continue the legacy of the company's culture, product and teams that have resulted in the firm's success."
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Headquartered in Powhatan, Virginia, Dominion Leasing Software was among the first to offer a back-end accounting solution that combined powerful features, such as asset-level maintenance tracking, with a fully user-configurable interface. Since 2001, Dominion Leasing Software has produced the most highly customizable, user-friendly lease and loan accounting and asset management software solution in the industry.
"Banyan's unique investment approach aligns perfectly with our core principle of always doing what is right for our customers," says Clinton Dunlow, President, and CEO of Dominion Leasing Software. "This venture will allow us to accelerate our growth, offer more products to our customers, and build upon the successful launch of LeaseComplete Version 5. I am excited for the opportunity to retain my role within the company and ensure we continue to bring the highest levels of support and innovation to our industry."
More in News