TAMPA — ByDesign Technologies, a Tampa-based company that provides business management tools for direct sellers, was acquired by Kansas firm Retail Success this week, the Tampa company announced.
“It is rare to find such a well-run company on the market," said Scott Maher, CEO of Retail Success. “Our plan is to let ByDesign be ByDesign by providing management with the financial and technical resources needed to continue to grow the company.”
Retail Success is a financial technology company that focuses on software and electronic payment products. According to ByDesign, it will operate independently of Retail Success under its current CEO, Daryl Wurzbacher. No staff cuts are planned because of the acquisition, the firm said. The financial terms of the deal were not disclosed.