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Banyan Security

Banyan Security

Banyan Security helps IT and Security teams successfully provide their distributed workforce secure access to applications, resources, and infrastructure.

|Visit banyansecurity.io

How much does Banyan Security cost?

Median contract value
$84,000
per year
Based on data from 7 purchases.
Median: $84,000
$70,700
$170,928
LowHigh
See detailed pricing for your specific purchase

AI Quote Analysis

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How does Banyan Security price and package their products?
View pricing on Banyan Security's website
Select a product to view Banyan Security pricing
Team
Contact SalesPricing ModelSubscriptionBillingMonthly or AnnualTerm LengthDepends on contract termsPopular FeaturesCloud VPN for secure network access

Negotiating with Banyan Security

Negotiation Tips

Removing auto-renewal from the contract can provide flexibility and control over future negotiations. Emphasize that finance teams now require non-auto renew clauses to ensure better oversight of SaaS contracts. This strategy often leads to better negotiation power for future terms.
Push back against the proposed uplift in pricing by stating that you weren’t expecting an increase. This tactic leverages your budget constraints and cites market standards, potentially leading to a reduction in the uplift or its complete removal.
Leverage quotes from competitors providing similar services at a better price. Present this information to the vendor, as it showcases a real consideration for switching, which can often compel them to lower their pricing or improve terms to secure your business.
Request that any new features or upgrades necessary for security be added at no additional cost. Concisely state that many competitors offer similar features without increased fees, thus creating the necessity for a more favorable deal to remain competitive.
Offer to act as a reference or participate in a case study in exchange for better pricing. This can involve higher-level marketing commitments which can be attractive for the vendor and drive down costs as part of the negotiation.

Considerations when buying Banyan Security

OwnershipBanyan Security, Inc.
Fiscal year endDecember 31
Best months to buyJanuary, July, October
Payment TermsAnnual upfront payment, Quarterly payment options available
Upgrades/downgradesYes, Banyan Security offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $250k.

Additional Info

What is Banyan Security?

Banyan Security helps IT and Security teams successfully provide their distributed workforce secure access to applications, resources, and infrastructure.
Banyan Security's 1 Product
Banyan Security
Banyan Security helps IT and Security teams successfully provide their distributed workforce secure access to applications, resources, and infrastructure.

Security and compliance

DPA available
SOC2 attestation
Annual penetration tests

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