Amman, August 2 (Petra) — The Jordan Small and Medium Enterprises
Fund (SME Fund Jo) announced Sunday the establishment of TriSmart
Group following the merger of Jordanian technology companies TriSmart
and Manafsoft, marking the launch of a specialized information
technology investment platform within the fund’s portfolio.

According to a fund statement, the merger is among the first steps in
implementing its strategy to establish sector-focused investment
platforms that consolidate complementary Jordanian companies into
stronger entities with greater capacity for growth, regional
expansion and competitiveness.

The fund, which holds a majority stake in both companies, led the
merger process, developed the strategic vision for the new group, and
supported the establishment of governance frameworks and
institutional capabilities to ensure its long-term growth.

The new group combines TriSmart’s expertise, built since its
establishment in 2001, in digital infrastructure, data centers,
cybersecurity systems and customer experience solutions, with
Manafsoft’s more than three decades of experience in software
solutions for financial institutions and capital markets, including
brokerage, shareholder management and asset management systems.

Together, the companies serve clients across the financial,
government and private sectors and operate in Jordan, Syria,
Palestine, Iraq and Libya. The merger is expected to create new
employment opportunities, support local innovation and strengthen the
technology sector’s contribution to the national economy.

Chairperson of TriSmart Group Ayat Huneiti said the fund’s investment
approach is based on long-term partnerships with Jordanian companies,
focusing on strengthening governance and building the institutional
capacity needed to achieve sustainable growth.

She added that the fund’s strategy targets investment in
complementary companies operating in promising sectors, bringing them
together into more competitive entities that enhance the value of its
investment portfolio.

TriSmart Group CEO Abdallah Saken said the merger lays a stronger
foundation for future growth by combining the expertise and market
presence of both companies, enabling the group to offer a broader
range of technology solutions while continuing to invest in Jordanian
talent and develop products for regional markets.

Acting General Manager of Manafsoft Mohammed Faraj described the
merger as a practical model of how Jordanian companies can strengthen
their competitiveness by integrating their expertise under a unified
strategic vision.

Established in 2018 at the initiative of the Central Bank of Jordan,
the SME Fund Jo has a capital of JD125 million and is managed by Al
Arabi Investment Group Co (AB Invest). The fund has invested in more
than 25 Jordanian companies across five strategic sectors, supporting
business growth through governance, institutional development and
operational value creation while contributing to economic growth, job
creation and the competitiveness of the national economy.

//Petra// AJ