Banyan Hills Technologies Embraces a New Era with Rebrand to "Canopy"

ATLANTA, GA - August 17, 2023 -Today, Banyan Hills Technologies proudly announces its transition and rebrand to “Canopy,” a name initially chosen for Banyan's RMM platform in 2016. In recognizing the strength of a unified brand, we've decided to embrace "Canopy" fully, representing the product we provide to customers and partners.

This announcement coincides with several other key milestones for the company, including celebrating our tenth anniversary and our return to Inc. 5000’s list of fastest-growing private companies.

CEO and founder, Steve Latham, reflects on this transformative moment: "As we hit our 10-year anniversary this month, we are serving the largest number of Canopy customers to date. The transition into a Canopy-led business is a milestone we envisioned over a decade ago, and it's thrilling to see this vision realized."

A Glimpse into the Canopy Journey:

• ‍2013:  Banyan Hills Technologies founded with the vision to build Canopy, a universal RMM platform.

• ‍2013-2015:  Banyan’s Software and IoT Consulting Services generate the revenue required to fund the buildout of the Canopy software platform.

• ‍2016:  First release of Canopy remote monitoring and management (RMM) platform for commercial use.

• ‍2016-2021:  The company grows both its Consulting Services and Canopy product businesses, achieving revenue milestones that lead to the inaugural inclusion in the Inc. 5000 list.

• ‍2020-2021:  Banyan pivots away from consulting services, prioritizing Canopy go-to-market expansion, product development, and customer success.

• ‍2023:  Inc. 5000 recognizes Canopy as one of the 450 fastest growing software companies in the U.S., a significant milestone for the company.

Today, Canopy is now the remote monitoring and management choice for leading global brands, serving customers across five continents and managing over a million connected products.

"This rebrand and shift to becoming a product led business isn't just about a name change; it encapsulates our journey from an idea in 2013 to the global presence we have today." said Latham. "Every startup begins with a dream, and ours was Canopy. While we are proud of this significant step forward, and we are even more excited for what the future holds."

For insights and inquiries, please visit www.goCanopy.com or connect with our press team at info@gocanopy.com.

About Canopy

Canopy provides remote monitoring and management software for connected products like self-checkout kiosks, security systems, smart lockers, and point-of-sale systems. Product and technical support teams use Canopy to automate remote device management and proactively attack downtime for connected product fleets globally. See and solve problems automatically with Canopy.