Banyan Software Announces Acquisition of WorldSmart

Banyan Software, a leading acquirer and permanent home for great software businesses, is excited to announce the acquisition of WordSmart from the respected RD Jones Group. WorldSmart offers integrated point-of-sale and loyalty solutions that deliver e-commerce capabilities and business intelligence to the retail industry.

With over 30 years of experience and serving more than 2,600 supermarkets, greengrocers, and other retail outlets, WorldSmart is focused on helping businesses save time and money through an integrated, cloud-ready retail solution, setting the industry benchmark.

I’ve been impressed with the WorldSmart business from the start, and now that it’s part of the Banyan Software family, we can collaborate closely with the team and its customers to enhance the application’s capabilities.

Damon Fieldgate • Operating Partner at Banyan Software

When The RD Jones Group first decided to sell WorldSmart, we wanted to ensure that the business was handed over to a company with values aligned to our family business. Having owned and operated WorldSmart for over 20 years, the company was a huge passion of our late CEO, Richard Jones. Therefore, it was extremely important to us to choose a company that understands the mission and values of the business, as well as the importance of our staff and customers. The RD Jones Group thanks our staff and customers for their support, and we are confident that exciting times are ahead for everyone at WorldSmart with Banyan.

Danielle Donaldson • Managing Director, RD Jones Group

About WorldSmart. Worldsmart Retech Pty Ltd., founded in 2004 is a family owned business, through RD Jones Group.  Worldsmartʼs POS software is deployed in approximately 70% of the independent retail grocery sector in Australia, as well as in New Zealand and PNG. The Company has 1300+ customers based on strong relationships forged over 20 years. The POS solution helps to drive sales, reduce overheads and encourage repeat purchases. The product has flexibility to meet the varied needs of all independent retailers as well as larger businesses, franchises or corporates.  Products include Grocery Manager/Smart Retail, SmartRewards and Business Intelligence. For more information, please visit worldsmart.com.au

About Banyan Software, Inc. Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. With a permanent capital base set up to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies. Founded in 2016, Banyan is backed by a world-class group of CEOs and investors with deep technology experience and currently operates across a growing number of verticals.

Related content

GUIDE

Finding the right fit

This 3-stage guide is designed for business owners considering a sale, now or in the future.

VIDEO

CEO Spotlight: Tim Strachan

Tim, CEO of FYB, discusses stepping into the role of CEO following the acquisition, undertaking a replatforming exercise with Banyan’s support, and the importance of focusing on employee engagement and culture.

author avatar
Deanne Reimer

Start typing and press Enter to search

Shopping Cart