Atlanta-based Banyan Software has acquired German firm FoxInsights, a specialist in IoT-based remote tank monitoring and data-driven asset management for the energy sector.

Founded in 2017, FoxInsights originated from the business incubator of EnBW Energie Baden-Württemberg and has become an innovator in real-time insights for off-grid applications. Leveraging IoT technology, scalable data processing and AI-driven analytics, FoxInsights helps businesses achieve efficiency gains, including over 40% improvements in smart logistics.

“FoxInsights has established itself as a trailblazer in IoT-powered metering and analytics, driving efficiency in the energy sector,” said Kay-Ingo Greve, operating partner at Banyan Software. “We are excited to support FoxInsights in advancing and expanding its global impact.”

Til Landwehrmann, CEO of FoxInsights, added: “We are delighted to join the Banyan family, whose long-term commitment and expertise in scaling software businesses make them the ideal partner for FoxInsights’s next growth phase. This collaboration ensures our ability to continue providing reliable solutions to our customers while preserving our core values and market leadership.”

And Jürgen Stein, chief innovation officerat EnBW, said: “We are proud to have enabled FoxInsights’ journey from its inception to becoming a European leader in remote tank monitoring. We are confident that Banyan’s ownership will provide the resources and strategic support FoxInsights needs to achieve its long-term goals and continue delivering exceptional value to its customers in its next phase of growth.”

Headquartered in Munich, Germany, FoxInsights (foxinsights.ai) provides IoT-based remote tank monitoring for the energy sector. Combining sensors, scalable software intelligence and AI-driven analytics, FoxInsights enables businesses to optimise operational processes, achieve efficiency gains and enhance customer relationships.

With over 29,000 employees, EnBW (enbw.com) is one of the largest energy companies in Germany and Europe. It supplies around 5.5 million customers with electricity and gas. As part of its transformation from a traditional energy company to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transmission grids for electricity, gas and hydrogen are cornerstones of EnBW’s growth strategy and the focus of its investments. Until 2030, EnBW plans gross investments of €40bn, around 90 per cent of which will be invested in Germany. By then, around 80 per cent of EnBW’s generation portfolio is to consist of renewable energies, and the company aims to phase out coal by the end of 2028.

Founded in 2016, Banyan Software (banyansoftware.com) provides a permanent home for enterprise software companies, their employees and customers. Its mission is to acquire, build and grow enterprise software businesses all over the world with dominant positions in niche verticals.