Banyan Software has added Queensland-headquartered workflow software company printIQ to its list of 20 software businesses operating throughout the US and Canada. printIQ CEO Anthony Lew will continue at the helm of the business he founded as a New Zealand startup.
Banyan Software says the acquisition of cloud-based print MIS developer printIQ is “focused on R&D investment, business growth and unlocking more of the potential that has been achieved to date.
"We are on a mission to acquire, build and grow great software businesses that have dominant positions in niche markets all over the world,” says the company website. “Banyan operates 20 businesses and has over 400 employees throughout the US and Canada. Founded in 2016 with permanent capital to preserve the legacy of founders, Banyan focuses on a buy, hold and grow for life strategy.”
PrintIQ launched its Small Business Edition at PacPrint in Melbourne
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| "It's an exciting time": printIQ CEO Anthony Lew |
printIQ CEO Anthony Lew welcomed the move: “Over the last 20 years, and with the help of many amazing people, we have established our business as a market leader that drives innovation through the print industry. I am delighted to have found a partner that can help us to write the next chapter in our story. Banyan shares many of the values that we hold so high and has a proven reputation for growing businesses.”
"printIQ has always had a history of rising to the challenge of pushing the limits of what a print MIS can do,” said Lew. “From our early days as a small New Zealand start-up, we have continued to work tirelessly to build the best solution possible. Our inspiration has always been our customers who have believed in the vision of what the platform could be. Consistently pushing it to the next level means that development is never complete. We are excited to have a partner who will help us deliver on that promise by investing in R&D, growing into new markets, and delivering the best solutions for the print industry.
“It’s an exciting time as I already see many of the benefits of partnering with a long- term investment focused software company. My goal is to continue building the product, extending our reach into new markets, and improving the way we listen, partner with, and support our existing customers.”
printIQ has experienced significant growth over the past 12 months, with operations in New Zealand, the US, Europe, Australia and Canada and employing more than 50 staff. Lew will remain at the helm as CEO along with the same teams for sales, marketing, customer service, support and product development.
“We’re very excited to welcome printIQ to Banyan as we continue to expand into the Australia and New Zealand market,” says David Berkal, CEO, Banyan Software (pictured right).
“It was clear from the beginning how committed the team is to building quality solutions and providing excellent customer service, alongside an equal commitment to creating a culture that their employees are proud to be part of.”
printIQ is a global technology company that has been helping small and medium print, packaging, label, flexo, signage, and wide format companies since 1999. “Built with flexibility and simplicity at the core, printIQ is created for the modern print shop to grow, scale and succeed.”
