MUNICH, Jan. 28,
2025 /PRNewswire/ -- Banyan Software, a leading
acquirer and permanent home for great enterprise software
businesses, has acquired FoxInsights GmbH ("FoxInsights"), a
market leader in IoT-based remote tank monitoring (RTM) and
data-driven asset management solutions for the energy sector.
Founded in 2017, FoxInsights originated from the business
incubator of EnBW Energie Baden-Württemberg AG ("EnBW") and has
become a global innovator in real-time insights for off-grid
applications. Leveraging advanced IoT technology, scalable data
processing, and AI-driven analytics, FoxInsights helps businesses
achieve significant efficiency gains, including over 40%
improvements in smart logistics.
"FoxInsights has established itself as a trailblazer in
IoT-powered metering and analytics, driving efficiency in the
energy sector," said Kay-Ingo
Greve, Operating Partner at Banyan Software. "We are
excited to support FoxInsights in advancing its solutions and
expanding its global impact."
"We are delighted to join the Banyan family, whose long-term
commitment and expertise in scaling software businesses make them
the ideal partner for FoxInsights's next growth phase," said
Til Landwehrmann, CEO of
FoxInsights. "This collaboration ensures our ability to
continue providing reliable solutions to our customers while
preserving our core values and market leadership."
"We are proud to have enabled FoxInsights' journey from its
inception to becoming a European leader in remote tank monitoring,"
said Jürgen Stein, Chief Innovation Officer at EnBW. "We are
confident that Banyan's ownership will provide the resources and
strategic support FoxInsights needs to achieve its long-term goals
and continue delivering exceptional value to its customers in its
next phase of growth."
About FoxInsights. Headquartered in Munich, Germany, FoxInsights provides
IoT-based remote tank monitoring solutions for the energy sector.
Combining advanced sensors, scalable software intelligence, and
AI-driven analytics, FoxInsights enables businesses to optimize
operational processes, achieve significant efficiency gains, and
enhance customer relationships. For more information, visit
foxinsights.ai
About EnBW. With over 29,000 employees, EnBW is one of
the largest energy companies in Germany and Europe. It supplies around 5.5 million
customers with electricity and gas. As part of its transformation
from a traditional energy company to a sustainable infrastructure
group, the expansion of renewable energy sources and of the
distribution and transmission grids for electricity, gas and
hydrogen are cornerstones of EnBW's growth strategy and the focus
of its investments. Until 2030, EnBW plans gross investments of €40
billion, around 90 percent of which will be invested in
Germany. By then, around 80
percent of EnBW's generation portfolio is to consist of renewable
energies, and the company aims to phase out coal by the end of
2028. These are key milestones on the road to the company's climate
neutrality in 2035. For more information, visit enbw.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. For more information, visit
banyansoftware.com
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SOURCE Banyan Software
