Backed By ATL provides customized, strategic support to fuel growth and economic impact at scaling middle-market companies
ATLANTA (May 19, 2021) — The Metro Atlanta Chamber (MAC) today announced Banyan Hills Technologies as one of its 14 high-potential middle-market companies selected to join the Backed by ATL community. Launched in 2017 to focus resources on emerging middle-market businesses, the Metro Atlanta Chamber initiative highlights a market segment of more than 2,800 companies, a majority of which generate between $10 million and $25 million in annual sales and employ an average of 78 people each.
The Metro Atlanta Chamber will welcome the 2021 Backed by ATL cohort during a livestream event today at 4 p.m. Top leaders from across metro Atlanta’s tech and innovation community will also celebrate metro Atlanta’s thriving business economy during the livestream. Register to watch the event on the Metro Atlanta Chamber website.
“Entrepreneurship is at the core of metro Atlanta’s business community, which is experiencing unstoppable momentum and has emerged as the global hub for innovation,” said Katie Kirkpatrick, President & CEO, Metro Atlanta Chamber. “Atlanta’s history of innovation, exceptionally diverse talent pool buoyed by our higher education institutions, and strong center of corporate headquarters form the foundation of this sustained innovation energy, which is powering Atlanta to produce unicorns at an unprecedented pace and welcome the most recognized technology firms in the world to join us.”
The 2021 Backed by ATL businesses, comprised of industries ranging from textiles to FinTech, make up the largest and most diverse group inducted into Backed by ATL. In addition to Banyan Hills Technologies, they include enterprises created to help feed late-night cravings, protect neighborhoods, address food insecurity, modernize supply chain services and solve customer problems, keep people cool, dry and stylish, package goods and prevent fraud.
MAC provides a no-cost partnership with each Backed by ATL company to develop customized plans based on the organization’s growth strategies. This can include support ranging from building connections to potential customers and partners, talent recruitment and retention and funding strategies. In addition, the program aims to create a collaborative and supportive community of middle-market companies that together will continue to fuel economic impact throughout the region. Backed by ATL founders have dedicated themselves to helping grow Atlanta by building thriving businesses and engaging with the community, giving back and helping inspire each other.
With more than 60 successful entrepreneurial exits over the past five years, metro Atlanta ranks among the top three cities in the nation for startups. Backed by ATL companies have raised over $1 billion in capital and created more than 3,600 jobs in metro Atlanta since the program’s inception in 2017.
“It’s a special honor for us to be selected to join the 2021 Backed By ATL cohort,” says Steve Latham, founder and CEO of Banyan Hills Technologies. “The metro Atlanta area is thriving with so much innovation and entrepreneurial spirit. It’s an exciting place to be and the Backed By ATL program provides vital support to companies looking to grow and make a difference in our region. We’re both proud and humbled to be part of it.”
About the Metro Atlanta Chamber
The Metro Atlanta Chamber (MAC) serves as a catalyst for a more prosperous and vibrant region. To advance economic growth and improve metro Atlanta’s quality of place, MAC is focused on starting, growing and recruiting companies to the 29-county metro Atlanta region. The Chamber is also focused on expanding the region’s innovation economy by promoting and strengthening connections to drive Atlanta’s innovation and entrepreneurial culture. MAC is committed to being an active voice for the business community, serving as an advocate for a competitive business climate and promoting Atlanta’s story. For more information, visit www.MetroAtlantaChamber.com.
About Backed by ATL
An initiative of the Metro Atlanta Chamber, Backed by ATL provides customized assistance to a select group of scaling middle-market companies to accelerate growth and fuel economic impact across the metro Atlanta region. The initiative leverages the region’s key assets to offer personalized support in areas including talent recruitment, sales and marketing, public policy, leadership development and more. To learn more, visit www.backedbyatl.com.
About Banyan Hills Technologies
Banyan Hills Technologies is an Internet of Things (IoT) company and a trusted partner for innovative software solutions. CanopyTM is Banyan’s remote monitoring and management platform and the most advanced solution for monitoring and managing any network of connected endpoints including but not limited to self-serve kiosks, intelligent vending, digital signs and smart lockers. Banyan’s team of highly-skilled engineers, talented UX/UI designers and industry experts help customers launch, scale and secure successful remote management and IoT implementations. Banyan’s deep industry knowledge and strong capabilities in machine learning, transaction management, communication protocols, payments and predictive analytics help companies realize the full potential of their technology strategies. In 2019, the company ranked 1,209 on the Inc. 5000 list of the fastest growing private companies in the United States. In 2020, Banyan was recognized as one of the top 40 Most Innovative Companies in Georgia by the Technology Association of Georgia. For more information, please visit https://banyanhills.com.
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