LOS ANGELES—Private fairness agency Banneker Partners Dec. 30, 2021, acquired trade facility administration software program agency Xytech, the software program firm introduced immediately. Terms of the acquisition weren’t out there.“We see this as a strategic funding to speed up Xytech’s capability to reinforce their resolution providing and operational supply capabilities on this key market phase,” stated Kenneth Frank, associate at Banneker Partners. “We stay up for working alongside Richard [Gallagher, Xytech CEO] and the remainder of the administration group to strengthen the corporate’s buyer penetration and market attain.”Xytech labored to “convey facility administration into the following technology” to assist media corporations change into extra environment friendly and productive, stated Gallagher. “For greater than three many years, this has been Xytech’s focus, and we’re pleased with what now we have completed.”“Banneker, with its funding deal with software program options geared toward particular verticals and willingness to speculate to scale operational supply, product innovation and gross sales and advertising, is the right associate for Xytech’s subsequent stage of development,” he stated.Banneker Partners is an enterprise-software-focused personal fairness agency based mostly in San Francisco.More info is on the market on the corporate’s web site.
https://www.tvtechnology.com/news/banneker-partners-buys-xytech
