Banyan Software, a company focused on acquiring, building, and growing great enterprise software businesses, completed the acquisition of Mobile Identify solution of Phonovation, a provider of bulk SMS messaging solutions. Financial terms were not disclosed. “Joining Banyan Software is an exciting step forward for our MID solution and its employees. It was clear that Banyan’s long-term hold approach was the ideal home for the Business and the team’s knowledge of successfully scaling B2B software businesses was evident to the shareholders from the outset. It was a pleasure to work with the Banyan team through a well-run, highly efficient and transparent process, and I have no doubt that the business will continue to prosper under their ownership,” Gavin Carpenter, Phonovation CEO.