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Dominion Leasing Software Acquired by Banyan Software

February 22, 2021, 07:20 AM
Filed Under: Mergers & Acquisitions

Banyan Software, Inc., a company focused on acquiring, building and growing enterprise software businesses, announced the acquisition of Dominion Leasing Software, a company that provides accounting and asset management solutions to the equipment finance industry.

Headquartered in Powhatan, VA, Dominion Leasing Software was among the first to offer a back-end accounting solution that combined powerful features, such as asset-level maintenance tracking, with a fully user-configurable interface. Since 2001, Dominion Leasing Software has produced highly customizable, user-friendly lease and loan accounting and asset management software solution.

"The Dominion Leasing Software team has developed an incredibly robust product that has been well-tailored to the industry's needs for over 15 years," said David Berkal, CEO, Banyan Software. "We look forward to providing a permanent home for Dominion, and to continue the legacy of the company's culture, product and teams that have resulted in the firm's success."

"Banyan's unique investment approach aligns perfectly with our core principle of always doing what is right for our customers," said Clinton Dunlow, President and CEO of Dominion Leasing Software. "This venture will allow us to accelerate our growth, offer more products to our customers and build upon the successful launch of LeaseComplete Version 5. I am excited for the opportunity to retain my role within the company and ensure we continue to bring the highest levels of support and innovation to our industry."

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