LEWISVILLE, Texas--(BUSINESS WIRE)--Banneker Partners’ portfolio company Eyelit Technologies, a leader in Manufacturing Operations Management (MOM), Manufacturing Execution (MES), Quality Management (QMS) and Factory Automation solutions, has acquired Optessa to enhance its manufacturing optimization capabilities. This acquisition will allow Eyelit to address the manufacturing industry’s critical need for closed-loop planning and execution across factory floors, including those in automotive, aerospace, medical device, and semiconductor manufacturing.
“Banneker Partners focuses on creating high-performing technology companies with sustained market share leadership, noteworthy innovation, and a strong commitment to customer satisfaction,” said Kenneth Frank, Operating Partner at Banneker Partners. “We are energized by the value creation that Eyelit Technologies is delivering to manufacturers and the Optessa acquisition will further extend the company’s category leadership.”
With this acquisition, Banneker strengthens its position as a private equity firm driving software investments making business impacts across various industries. As a result, the capabilities within manufacturing execution and automation are enhanced.
“While many companies in the manufacturing technology space talk about Industry 4.0 vision, every day Eyelit Technologies actually delivers these capabilities, helping manufacturers make remarkable progress in productivity, efficiency, and quality,” said Harjot Sachdeva, Operating Partner at Banneker Partners. “Smarter manufacturing is a reality for Eyelit's customers and Optessa’s addition will amplify the gains.”
Banneker’s expanding portfolio places the firm at the center of technological innovation, funding customers across other industries such as agriculture, government, healthcare, and supply chain.
About Banneker
Banneker Partners invests in growing, mission-critical enterprise software businesses to drive sustainable long-term value. Banneker takes a partnership approach to support founders and management teams to achieve their goals by implementing proven best practices and making additional investments across functional areas including sales, marketing, product management, product development, professional services, and customer success and complements these growth initiatives with strategic acquisitions that are focused on enhancing customer value. Banneker has developed an in-depth understanding of manufacturing and supply chain solutions, which has led to a track record of successful partnership in these software businesses, including with companies like IQMS, Orbis MES, LevaData, and EverAg/Dairy.com. For more information, please visit www.bannekerpartners.com.
