printIQ, a software company which was launched as a start-up in New Zealand in 1999, is set to be acquired by Banyan Software, an investment firm which focuses on a buy and hold for life strategy for growing software companies.
printIQ CEO Anthony Lew will remain at the helm of printIQ along with the same teams for sales, marketing, customer service, support and product development.
“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,” Lew said.
“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.”
Lew said printIQ has always had a history of rising to the challenge of pushing the limits of what a print MIS can do.
“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 that the platform could be,” he said.
“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 spanning New Zealand, the US, Europe, Australia and Canada and employing more than 50 staff.
Following the changes, Lew will remain at the helm as CEO along with the same teams for sales,
marketing, customer service, support and product development.
Banyan Software CEO David Berkal welcomed printIQ to Banyan.
“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,” Berkal said.
“We’re very excited to welcome printIQ to Banyan as we continue to expand into the Australia and New Zealand market.”
About Banyan Software
Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. With a permanent capital base set up to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies. Founded in 2016, Banyan is backed by a world-class group of CEOs and investors with deep technology experience and currently operates across a growing number of verticals. For more information, please visit: banyansoftware.com.
About printIQ
printIQ is a global technology company that has been helping small and medium print, packaging, label, flexo, signage, and wide format companies thrive since 1999. Our passion is developing innovative technology that empowers printers to adapt to any change in the market and overcome the greatest obstacles. Built with flexibility and simplicity at the core, printIQ is created for the modern print shop to grow, scale and succeed.
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