Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. We are on a mission to acquire, build and grow great enterprise software businesses all over the world that have dominant positions in niche vertical markets. In recent years, Banyan was named the #1 fastest-growing private software company in the US on the Inc. 5000 and amongst the top 10 fastest-growing companies by the Deloitte Technology Fast 500. Founded in 2016 with a permanent capital base setup to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies that serve specialized vertical markets.
Job Title: VP of Product
Location: Rochester, NY or Remote
Position Overview:
We are seeking an experienced and strategic VP of Product to join one of Banyan Software's portfolio companies. Reporting directly to the CEO and working closely with the CTO, this role requires a visionary product leader with the ability to balance technical challenges, product innovation, and process optimization. The VP of Product will be instrumental in shaping and executing the product strategy, addressing significant technical debt in a Delphi-based, application-focused product, and overseeing the evolution of our product ecosystem. This position is ideal for a seasoned leader with a proven track record in both mobile and non-web application development, as well as implementing effective product management processes.
Responsibilities
- Product Strategy and Vision: Define, communicate, and implement a product vision that aligns with our company’s goals, balancing the need for innovation in new products with the demands of addressing technical debt.
- Technical Debt Management: Collaborate closely with engineering leadership to create a roadmap for reducing technical debt in our Delphi-based, non-web application. Prioritize and plan upgrades, refactoring, and improvements to ensure stability, scalability, and maintainability.
- Process Implementation and Optimization: Establish and standardize product management processes, ensuring effective communication, prioritization, and product lifecycle management across teams. Introduce best practices for product development that streamline workflows, improve cross-functional alignment, and enhance speed to market.
- Product Development Leadership: Oversee the product roadmap for both existing and new products, balancing the need for incremental improvements to the existing product with the development of new, high-impact mobile and desktop applications.
- Cross-Functional Collaboration: Act as a bridge between product, engineering, design, and other departments, ensuring a collaborative and efficient approach to product development. Engage with stakeholders across the company to ensure alignment on product priorities and communicate product plans clearly.
- Market and User Insights: Conduct market research, user testing, and gather feedback to ensure our product strategies align with customer needs and industry trends. Make data-driven decisions that drive product adoption and satisfaction.
- Performance Measurement and Iteration: Define key metrics for product success, and establish reporting processes to track product performance. Leverage data and analytics to guide ongoing improvements and to refine our approach to technical debt reduction.
- Team Development: Recruit, mentor, and develop a high-performing product team, fostering a culture of collaboration, innovation, and customer focus. Encourage continuous learning and development of team members.
Qualifications
- Experience: 10+ years of product management experience, with at least 5 years in a senior product leadership role. Proven experience managing both mobile products and application-based (non-web) products.
- Technical Knowledge: Understanding of the unique challenges associated with non-web applications and technical debt in a legacy codebase.
- Process-Oriented: Demonstrated ability to design and implement effective product management processes that support cross-functional collaboration and efficient product development.
- Technical Debt Management: Experience overseeing initiatives that reduce technical debt, refactor code, and improve product performance and stability.
- Leadership and Team Building: Proven ability to build, mentor, and lead product teams, and collaborate effectively across departments to achieve strategic goals.
Why Join Us?
This role offers the opportunity to transform our product landscape, address longstanding technical debt, and shape the future of our product ecosystem. If you’re a strategic, process-oriented product leader who thrives in balancing legacy improvement with innovation, we’d love to meet you.
Diversity, Equity, Inclusion & Equal Employment Opportunity at Banyan: Banyan affirms that inequality is detrimental to our Global Teams, associates, our Operating Companies, and the communities we serve. As a collective, our goal is to impact lasting change through our actions. Together, we unite for equality and equity. Banyan is committed to equal employment opportunities regardless of any protected characteristic, including race, color, genetic information, creed, national origin, religion, sex, affectional or sexual orientation, gender identity or expression, lawful alien status, ancestry, age, marital status, or protected veteran status and will not discriminate against anyone on the basis of a disability. We support an inclusive workplace where associates excel based on personal merit, qualifications, experience, ability, and job performance.
Top Skills
What We Do
Banyan Software provides the best permanent home for successful enterprise software businesses, their employees, and customers to preserve the legacy of founders, while helping grow the business into the future.
We are on a mission to acquire, build and grow great software businesses that have dominant positions in niche markets all over the world. Today Banyan has over 750 employees throughout the US, Canada, UK, Europe, Australia and New Zealand. Founded in 2016 with permanent capital to preserve the legacy of founders, Banyan focuses on a buy, hold and grow for life strategy. For more information on Banyan Software, Inc. visit: http://www.banyansoftware.com
What We Look For:
- Great enterprise software businesses that have dominant positions in niche markets
- We work with owners who are thinking about an exit today or further down the road
- We are flexible and can be creative when we find a business that is a good fit
- The businesses in the Banyan family all share a similar profile:
- Annual revenues in excess of $2M-$30M
- A high percentage of recurring revenue
- Positive operating margins and cash flow
- High customer retention and satisfaction
- Happy and committed employees
