Deal typeTransaction Services
IndustryTechnology & Media
BDO acted as Tax advisors to Banyan Software on the acquisition of the Mobile Identify.

Banyan Software is a US-based buy-and-hold acquirer of software businesses. Banyan has over 750 employees throughout the US, Canada, UK, Europe, Australia and New Zealand. Founded in 2016 with permanent capital to preserve the legacy of the founders.

Mobile Identify (MID), is a market-leading identity verification solution, previously owned by Phonovation Ltd, is a provider of bulk SMS messaging solutions. This carve-out allows Phonovation to concentrate on its core SMS messaging business while ensuring the continued growth and development of MID.

The team advising on the deal was led by Kevin Doyle.