ATLANTA, August 15, 2018 — Inc. magazine today ranked Banyan Hills Technologies, an Internet of Things (IoT) company, in position 1203 on its 37th annual Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies.
In celebration of its five-year anniversary, last week Banyan launched a refreshed website (www.banyanhills.com) and a new logo for their IoT platform Canopy™. The company has recently doubled the size of its Atlanta area headquarters, and services customers in the U.S., Canada, Mexico, and Australia.
The company was founded in 2013 by Steve Latham, an IoT expert with over 20 years of technology and industry experience. The company started on the simple premise of helping customers solve for the complexities of IoT, and within only a few years brought to market Canopy, its end-to-end IoT platform. In its next phase of growth, the company is building out an IoT marketplace with an ever-expanding library of business applications and device integrations.
With a year-over-year growth rate of 95 percent, Banyan is one of only a handful of IoT companies in Georgia to have earned a spot on the list. Banyan has grown not just in revenue but also in talent, with more than 45 employees now working for the company (up from only 15 in 2017).
“I am thrilled and incredibly proud of the entire Banyan team for this honor,” said Steve Latham, chief executive officer and founder of Banyan Hills Technologies. “We have a passion for helping our customers get the most out of their IoT strategies, and I believe that passion shows in our progress thus far. Thank you to Inc. Magazine for this recognition, and to everyone involved in making Banyan a success.”
The Inc. 5000 represents the most comprehensive look at one of the most important segments of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow and many other well-known names gained early exposure as members of the Inc. 5000.
Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on the Inc. 5000 list, visit www.inc.com/inc5000/list/2018/.
Mansueto Ventures-owned Inc. is the New York-based publisher of Inc. magazine, which was founded in 1979 to report on entrepreneurs and business owners. In 1982, the company introduced the Inc. 500, which showcases the fastest-growing privately held, U.S.-based and independent companies in the U.S. with revenues of $2 million or more in the most recent year. The website Inc.com was launched in 1996, and in 2007, the Inc. 500 list was expanded to the Inc. 5000 to provide a deeper understanding of the entrepreneurial landscape. For more information, visit www.inc.com.
About Banyan Hills Technologies
Banyan Hills Technologies is an Internet of Things (IoT) company and a trusted partner for innovative software solutions. Canopy™ is Banyan’s IoT platform, and the most advanced solution for monitoring and managing any network of connected endpoints like self-service kiosks, digital signs and on-premise control systems. Canopy helps enable automation, decrease costs, increase revenue, enhance security, and leverage data for operators of large networks of unattended devices. Banyan’s highly skilled team helps customers launch, scale and secure successful 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. For more information, visit www.banyanhills.com.
Erin Farrell Talbot
Banyan Hills Technologies
Tel: (917) 232-9309