Cardiff-based market-leading procurement software provider Atamis has been acquired by North American company Banyan Software.
Since its creation in 2009, Atamis has achieved annual growth of more than 30%.
Its software enables users to analyze and understand strategic spend, plan a procurement pipeline, respond effectively to e-tenders, manage contracts, and monitor key vendor risk and performance. Atamis represents Banyan’s first European acquisition. The value of the deal was not disclosed, but Atamis will now be hiring to expand its team with new roles in project management, account management, implementation and support.
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Atamis’ customer base includes the Department of Health and Social Care, the Home Office and the Department for Digital, Culture, Media and Sport, local authorities across England and the majority of public sector in Wales through its position on the national procurement services framework. Private sector clients include Admiral Group, the Principality Building Society and the British Business Bank.
Atamis Founder Nick James said: “When selecting a buyer, it was important to me to know that the future of Atamis and the team was secure. “Rather than accepting an offer from the type of investor only interested in short-term profit, I wanted the confidence of knowing that I would entrust the future of the business to a safe and nurturing environment.
“We are thrilled to partner with Banyan to continue building our legacy and supporting our customers. As we look to the future, we know that Banyan shares our vision to continue to grow the product in the UK and beyond, creating fulfilling career paths for our employees.
Banyan Software’s Managing Director, David Berkal, said, “Atamis has built a robust product purpose-built to meet the needs of its customers for the full provisioning lifecycle. Although ownership may have changed, Atamis will continue to provide the best in-class service that customers have come to expect and we look forward to continuing to invest in the business.