Leading UK procurement software provider, Atamis Ltd, has become part of Banyan Software, Inc., a company focused on acquiring, building and growing great enterprise software businesses.
Headquartered in Cardiff, Atamis was established in 2009 and since then has achieved consistent annual growth of above 30% per annum while providing government and private sector customers across the UK and Ireland with the tools to scrutinise, plan, source and manage their procurement spend. Its full suite of software modules empowers users to analyse and understand strategic spend, plan a procurement pipeline, complete e-tenders efficiently, manage contracts and monitor the risk and performance of key suppliers. Atamis represents Banyan’s first UK/ Europe based acquisition.
Covering large swathes of the UK public sector, Atamis’s client base includes central government departments such as the Department of Health & Social Care, the Home Office and the Department for Digital, Culture, Media and Sport, local authorities across England and the majority of the public sector in Wales through its position on the National Procurement Service framework. Private sector clients include the Admiral Group, Principality Building Society and British Business Bank.
“Atamis has built a robust product that is specifically designed to meet the full procurement lifecycle needs of its customers,” says David Berkal, CEO, Banyan Software. “While the ownership may have changed, Atamis will continue to provide the best-in-class service that clients are accustomed to and we look forward to continuing to invest in the business.”
The immediate impact of this news sees Atamis accelerating its recruitment programme with a view to expand its delivery team in the coming months. This job creation exercise will add a number of skilled professionals to the existing Atamis team, in a variety of roles covering project management, account management, implementation and support.
“In selecting a buyer, it was important to me to know that the future of Atamis and the team was secured”, says Nick James, Founder of Atamis. “Rather than accept an offer from the type of investor only interested in short term profit, I wanted the confidence of knowing I would be entrusting the future of the company into a safe and nurturing environment.
“We are excited to partner with Banyan to continue building our legacy and supporting our customers. As we look towards the future, we know that Banyan shares our vision of continuing to grow the product within the UK and beyond, creating fulfilling career paths for our people in the process.”
About Atamis Procurement Solutions
Founded in 2009, Atamis initially developed a spend analytics software tool and has since expanded the offering to become an end-to-end strategic sourcing solution with 5 core software modules: Atamis PM for Pipeline Management, Atamis TM for Tender Management/ eSourcing, Atamis CM for Contract Management, Atamis SRM for Supplier Relationship Management and Atamis SA for Spend Analysis. The Atamis procurement solution has been embraced by over 250 government and private sector clients. For more information, please visit: https://atamis.co.uk/
Banyan Software acquires, builds and grows great enterprise software businesses. With a permanent capital base, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized markets. Founded in 2016, Banyan is backed by a world-class group of CEOs and investors with deep technology experience and currently operates across a number of growing verticals including healthcare, education, media, transportation, and financial services. For more information, please visit: http://www.banyansoftware.com.