Acquisition Announcement: Korbyt Takes Over NFS Technology in Pro AV Industry
Korbyt Acquires NFS Technology, Strengthening Workplace Experience Platform
Korbyt, a leading provider of digital signage and workplace communications software solutions, has announced the acquisition of NFS Technology, a provider of meeting room booking and space management software solutions and services. The acquisition, made in partnership with Clearhaven Partners, a U.S.-based software-focused private equity firm, follows Clearhaven's initial 2023 investment in Korbyt. Financial terms were not disclosed.
The acquisition of NFS Technology is expected to enhance the Korbyt Anywhere platform, creating engaging workplace experiences where employees, customers, and guests can effectively collaborate.
According to Luis De Souza, Founder and CEO of NFS Technology, the collaboration with Korbyt aligns with NFS Technology's mission to deliver a modern workplace experience platform. "We are excited about this partnership and the opportunities it presents for our clients," said De Souza.
Chris Ryan, Managing Partner at Clearhaven Partners, is pleased to support the acquisition, expressing his confidence in Korbyt's ability to provide people-centric workplaces. "Korbyt's customer-centric approach to doing business mirrors NFS Technology's long-standing commitment to quality support," Ryan said.
The combined entity's reach spans the globe and encompasses vertical markets that represent significant growth opportunities for Korbyt. The addition of NFS Technology's advanced room booking and space management solutions complements the Korbyt Anywhere platform, which empowers organizations to engage their audiences through a single integrated platform across multiple channels.
Ankur Ahlowalia, CEO of Korbyt, stated that enhancing the Korbyt Anywhere platform with the NFS Rendezvous product suite will bring unparalleled value to the market. "We are thrilled to welcome NFS Technology to the Korbyt family," Ahlowalia said. "Together, we will deliver an unmatched workplace experience platform to our clients."
The NFS Rendezvous product suite, which serves over 275 clients worldwide, including leading businesses in legal, financial, educational, and healthcare sectors, will be integrated into the Korbyt Anywhere platform. This integration will likely enable more efficient management of office spaces, including booking meetings and managing room usage, and deliver targeted content and information to employees, improving engagement and productivity.
The Korbyt Anywhere platform includes digital signage, desktop, web, email, and mobile devices, providing a unified workplace experience. With the acquisition, the platform is expected to offer enhanced room booking and space management, cloud-based content management, and seamless access to resources, enhancing flexibility and efficiency.
The integration of the platforms has already begun, as stated by NFS Technology. The enhanced Korbyt Anywhere platform is likely to have further benefits, such as increased efficiency, improved collaboration, and enhanced employee engagement, especially in a hybrid work environment. For specific details, direct information from Korbyt post-acquisition would be necessary.
- The acquisition of NFS Technology by Korbyt, a leading digital signage and workplace communications software solutions provider, will strengthen their platform by incorporating features such as advanced room booking and space management.
- The collaboration between Korbyt and NFS Technology is aligned with both companies' missions to deliver superior technology solutions in the business and finance industries, aiming to create engaging and productive workplace experiences.
- Following the acquisition, the enhanced Korbyt Anywhere platform will offer various benefits, including improved room booking and space management, cloud-based content management, and seamless access to resources across multiple channels, ultimately enhancing flexibility and efficiency, particularly in a hybrid work environment.
