Banyan Software
Who They Are
A permanent-capital holder that buys vertical software and says it never sells, which makes it the anti-strategic: the conversation is durability rather than integration.
Banyan describes itself as a long-term acquirer and operator of successful software businesses, founded in 2016 and operating from a permanent capital base, which is the phrase that matters: it is telling a seller there is no fund clock and no second sale coming. Its announcement of the i4pro purchase publishes no revenue, employee count or portfolio count, and that silence is worth stating plainly rather than filling from elsewhere.
It is the first firm to appear on both of this site's buyer registries, because both facts are true and they answer different questions: it buys businesses directly in searcher trades, and it has bought a company a searcher built. What it said it was buying at i4pro was deep customer relationships, specialized technology and a strong reputation in one market, which are three things an operator builds rather than three things a spreadsheet shows.
Search-Fund Companies They Bought
- i4pro · 2025
Rafael Araujo acquired i4pro, a Sao Paulo provider of policy administration software to Brazilian insurance carriers, through his search vehicle with Pacific Lake and Anacapa behind him, and ran it as chief executive. Banyan bought it in July 2025 as its entry into the Brazilian market. Banyan's own release makes no mention of a search fund, so the search origin rests on the backers' pages. [1][2]