Banneker Partners

Banneker Partners is a private equity firm established in 2010 and based in San Francisco, California. The firm specializes in investing in software, SaaS, internet, and technology business services, with a focus on the lower middle market. Banneker Partners targets companies with revenues between $5 million and $50 million, seeking control or significant non-control investments. The firm collaborates with motivated management teams to foster sustainable long-term value through organic growth, strategic acquisitions, and operational enhancements. With a team of experienced professionals and advisors who have overseen over $3 billion in private equity and venture capital investments, Banneker Partners leverages its expertise in software and technology to provide a unique investment perspective. The firm is distinguished by its patient capital approach, recognizing that achieving long-term strategic objectives requires a commitment beyond short-term gains.

Terrance Bei

Principal

Sam Bekker

Senior Associate

Colton Carnahan

Associate

Lalitha Cheruvu

Associate

Stephen Davis

Managing Partner

Erica Fischer-Colbrie

Vice President

Kenneth Frank

Partner

Duncan Gills

Partner

Kyle Hufford

Vice President

Hugh Kirkpatrick

Principal

Zephone Lew

Associate

Darryl Lewis

Operating Partner

Matthew McDonald

Partner

Joseph Oberholtzer

Vice President

Justin Roach

Associate

Harjot Sachdeva

Operating Partner

Nato Sandweiss

Associate

Mark Tsun-Lien Shang

CFO

Daniel Verburg

Senior Associate

17 past transactions

L7 Informatics

Series C in 2022
L7 Informatics provides a workflow management software platform for companies using data-intensive scientific techniques. Advances in next-generation sequencing (NGS) are enabling rapid detection and diagnosis of genetic diseases. It has developed the Enterprise Sequencing Platform (ESP) to accelerate clinical adoption of sequencing and provide a platform for clinicians to easily track, manage, and interpret patient data. It is the first software designed from the ground-up that fully integrates all the requisite components of NGS data flow management, analysis, and reporting, with auditing capability. It was founded in 2012 and is headquartered in Austin, Texas.

Hint Health

Series B in 2022
Hint Health Inc. develops a membership management platform for direct care providers. Its platform comprises tools that streamline membership administration and billing for providers and their patient, employer, and health plan clients. The company's offers plans such as essentials, plus, pro, and enterprise. The company was incorporated in 2013 and is headquartered in San Francisco, California.

Eyelit

Private Equity Round in 2022
Eyelit, Inc. specializes in developing manufacturing management software tailored for industries such as aerospace, defense, battery technology, electronics, life sciences, medical devices, semiconductors, and solar energy. The company's software solutions focus on enhancing operational excellence by providing comprehensive visibility, control, and coordination across manufacturing processes, from the factory floor to the global supply chain. Eyelit combines innovative technology with strong service support, allowing for faster implementation and integration compared to competitor products. Their offerings include manufacturing execution and quality management tools, which empower clients to optimize their manufacturing operations efficiently and cost-effectively. Through its approach, Eyelit aims to deliver greater manufacturing efficiency in a streamlined manner.

SuccessKPI

Private Equity Round in 2022
Developer of speech, text, and voice analytics platform designed to transform customer experience with enterprise-grade contact center analytics. The company's platform utilizes artificial intelligence and machine learning and features traditional call center analytics, digital channel interactions, language, and manual analytics, machine scoring, supervisor scorecards, and unified enterprise data warehouse tools that reprint the conversation, perform natural language understanding, and decode sentiment, enabling clients to easily transcribe speech conversations and drive business outcomes.

Levadata

Series C in 2021
LevaData Inc, incorporated in 2013 and based in Sunnyvale, California, develops a cloud-based cost management software solution. The company's Cognitive Sourcing platform integrates market intelligence and enterprise data with artificial intelligence to help enterprise sourcing teams identify opportunities and risks. This innovative approach aims to enhance the decision-making process in sourcing by leveraging advanced technology to provide actionable insights.

iGrafx

Private Equity Round in 2021
iGrafx, LLC is a leader in business process analysis solutions, helping organizations enhance their operations through various tools and services. Founded in 1987 and headquartered in Tualatin, Oregon, iGrafx offers a range of products including FlowCharter for process modeling, iGrafx Process for analysis and simulation, and iGrafx Process Central for managing process information. The company also provides specialized solutions like iGrafx for SAP, which facilitates collaboration during SAP implementations, and the RPA Accelerator for robotic process automation projects. Additionally, iGrafx supports enterprise architecture, value stream mapping, and compliance with standards such as Sarbanes-Oxley and ISO. Its clientele spans multiple sectors, including healthcare, finance, manufacturing, and government, with distribution of its products occurring globally through representatives and online channels. Training and consulting services are also offered to further assist organizations in optimizing their processes.

Fluence Technologies

Series A in 2021
Fluence Technologies specializes in cloud-based financial solutions, focusing on financial consolidation, planning, and close management. The company offers a purpose-built platform that empowers finance teams to efficiently manage and maintain their financial processes. Its software is designed to facilitate the organization and planning of financial data, helping companies successfully complete their financial closes. Additionally, the platform includes features for disclosure management and reporting, allowing clients to strategically prepare their financials before market launch. Fluence Technologies aims to deliver robust functionality while ensuring ease of use for finance professionals.

Versaterm

Acquisition in 2020
Versaterm, Inc. offers CAD and records systems to public safety agencies in North America and the Caribbean. It offers records management systems, fire records management systems, computer aided dispatch systems, mobile workstation, law enforcement information sharing portal, and crime analysis package. The company also provides support services, such as project management and base product implementation, optional project implementation, on-site migration assistance, and upgrade training. Versaterm, Inc. was founded in 1977 and is based in Ottawa, Canada.

Dairy.com

Acquisition in 2019
Dairy.com is positioned to be the world’s preeminent provider of dairy intelligence and technology, helping our customers feed a growing world.Dairy.com connects the dairy industry to markets, intelligence and each other. Each day, their advisory capabilities and technology suite empowers food industry customers with insight for better decisions from farm to fork.

CORE

Private Equity Round in 2019
CORE Business Technologies operates as a solutions integrator specializing in enterprise revenue management, document management, and network management. Established in 1983 and based in East Providence, Rhode Island, the company provides a range of services including payment processing, document imaging, and network consulting. Its revenue management solutions include a web-based portal for revenue collection and a Windows-based system for processing account payments. In document management, CORE offers services for capturing, storing, and distributing various content types, along with output and security solutions. The network management segment encompasses consulting, installation, security, and cabling services. CORE serves a diverse clientele across industries such as healthcare, higher education, government, and utilities in North America, focusing on innovation and customer support to enhance operational efficiency and engagement.

Routeware

Acquisition in 2018
Routeware, founded in 1999, specializes in providing innovative fleet management software tailored for the waste and recycling industry. The company aims to automate the waste collection workflow, transitioning from traditional paper-based methods to efficient electronic tools for scheduling, dispatching, and collection. Its software enables real-time communication between trucks and the office, facilitating automated route adjustments, tracking truck locations, and managing pick-up and drop-off activities. This technology helps municipalities and waste haulers achieve significant cost savings, streamline operations, enhance driver management, and reduce paperwork. With a strong focus on customer needs, Routeware's solutions empower waste management operations to operate more efficiently and effectively, ensuring that essential services are delivered consistently and reliably.

Linq

Private Equity Round in 2018
Linq is a provider of administrative software specifically designed for K-12 schools. The company develops a comprehensive school administrative software system that facilitates the management of operations at both district and school levels. Its software solutions address various needs, including finance and human resources, nutrition management, digital payment systems, website maintenance, student registration, and document management. By offering these services, Linq aims to help educational institutions enhance overall efficiency, optimize financial performance, ensure compliance, and provide seamless experiences for students and staff.

IQMS

Private Equity Round in 2015
IQMS Inc. specializes in developing enterprise resource planning (ERP) software systems and manufacturing execution systems for various manufacturing sectors, including automotive, medical, aerospace, and food and beverage. The company offers a comprehensive integrated solution called EnterpriseIQ, which enables manufacturers to manage and monitor business processes, supply chain activities, and production data effectively. Its software suite includes modules for quality management, customer relationship management, supply chain management, and warehouse management, among others. IQMS also provides mobile ERP applications and e-commerce portals, along with on-premise and cloud deployment options. In addition to software solutions, IQMS resells hardware for shop floor operations and offers consulting services, technical support, and training to its clients. Founded in 1989 and headquartered in Paso Robles, California, IQMS operates additional offices in Pleasanton, Schaumburg, Herts, Stockholm, and Shenzhen, with a development office in Canada. The company is a subsidiary of Dassault Systèmes SE.

Magento, Inc.

Private Equity Round in 2014
Magento is a modern cloud commerce platform with an open-source ecosystem. Flexible for B2C, B2B, and hybrid solutions, Magento extends beyond the shopping cart for every shoppable experience, including email, mobile, in-store, shipping, and marketplaces. Recognized as the leading commerce platform to the 2015 Internet Retailer Top 1000, B2B 300, and Europe 500 lists, Magento works hand-in-hand with the world’s biggest retailers, brands, and branded manufacturers across B2C and B2B industries.

IQMS

Venture Round in 2014
IQMS Inc. specializes in developing enterprise resource planning (ERP) software systems and manufacturing execution systems for various manufacturing sectors, including automotive, medical, aerospace, and food and beverage. The company offers a comprehensive integrated solution called EnterpriseIQ, which enables manufacturers to manage and monitor business processes, supply chain activities, and production data effectively. Its software suite includes modules for quality management, customer relationship management, supply chain management, and warehouse management, among others. IQMS also provides mobile ERP applications and e-commerce portals, along with on-premise and cloud deployment options. In addition to software solutions, IQMS resells hardware for shop floor operations and offers consulting services, technical support, and training to its clients. Founded in 1989 and headquartered in Paso Robles, California, IQMS operates additional offices in Pleasanton, Schaumburg, Herts, Stockholm, and Shenzhen, with a development office in Canada. The company is a subsidiary of Dassault Systèmes SE.

Ancestry

Private Equity Round in 2012
Ancestry.com LLC offers online family history services and personal DNA testing, enabling subscribers to discover, preserve, and share their ancestry. The primary platform, ancestry.com, provides a range of subscription packages that grant access to extensive digitized historical records, including family trees, census data, immigration documents, and military records. AncestryDNA allows users to explore their ethnic backgrounds and potential family connections. Additional offerings include Fold3.com for military records, Newspapers.com for historical newspaper archives, and AncestryProGenealogists, which provides professional research assistance. The company also features Ancestry Academy, an educational resource with instructional videos, and AncestryHealth, a beta service that traces hereditary medical conditions. Founded in 1983 and headquartered in Provo, Utah, Ancestry has established itself as a leader in the family history market, boasting over 7 billion records from the US, Canada, and Europe. As of 2015, Ancestry reported approximately 2.2 million paying subscribers, reflecting its significant presence in online genealogy research.

Genesys

Private Equity Round in 2012
Genesys Telecommunications Laboratories, Inc. specializes in providing cloud and on-premises customer experience and contact center solutions. The company’s platform allows enterprises to manage and enhance multimodal omnichannel interactions, facilitating both virtual and traditional call center operations. Its offerings include SIP communications for telephony and management systems, an interactive voice response platform integrating self-service and agent-assisted transactions, and a workforce optimization solution that encompasses management, analytics, and customer feedback. Genesys also leverages artificial intelligence and automation through its forecasting and scheduling services to improve employee productivity. The company's services are utilized by various industries, including banking, healthcare, retail, and telecommunications, to create personalized customer experiences. Founded in 1990 and headquartered in Daly City, California, Genesys maintains a strategic partnership with Infosys and serves over 11,000 organizations across more than 100 countries.
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