Banyan Software Acquires Futurenet, A Leading Provider Of Integrated Point-Of-Sale (Pos) Solutions To Australian Grocery Retailers
Banyan Software, a company focused on acquiring and growing great enterprise software businesses, is excited to announce the acquisition of FutureNet, a provider of comprehensive Point-of-Sale (POS) solutions catering to the niche grocery retail market in Australia.
Established in 1995 by founders Scott Munro and Barry Sams, FutureNet is a one-stop solution provider for independent grocery retailers. The company specializes in POS hardware, software, and service/support offerings. The solution is known for its stability, reliability, and exceptional service, addressing the critical needs of managing stock, setting prices, monitoring sales performance, and enhancing the overall shopping experience for customers.
“I’m thrilled to welcome the FutureNet team to the Banyan Software family. I’m looking forward to working with the team at FutureNet to provide even greater value to its customer base while exploring avenues for further growth.”
Damon Fieldgate • Operating Partner, Banyan Software
“It was clear that Banyan was committed to preserving FutureNet’s legacy and ensuring a seamless transition through the process which gave us confidence in our decision. I believe there is tremendous opportunity to leverage their resources and expertise to continue to drive innovation in the industry and growth for FutureNet and the team.”
Scott Munro • General Manager and co-founder of FutureNet
About FutureNet. Founded in 1995, FutureNet revolutionizes retail with comprehensive point-of-sale (POS) systems. FutureNet provides a complete solution, integrating POS hardware, software, and unparalleled support, ensuring retailers experience seamless operations. The team’s combined expertise has crafted a value-driven POS solution with inclusive features, minimizing hidden costs and providing exceptional same-day support for 95% of issues, solidifying FutureNet as a trusted partner for diverse retail sectors. For more information, please visit: futurenet.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.
