Korbyt Acquires NFS Technology to Strengthen Company’s Position as the Leading Global Workplace Experience Platform

DALLAS--(BUSINESS WIRE)--Aug 13, 2024--

Korbyt, the leader in enterprise-grade omnichannel workplace communications solutions, today announced the acquisition of NFS Technology, a leading provider of meeting room booking and space management software solutions and services. The acquisition was made in partnership with Clearhaven Partners, a U.S.-based software-focused private equity firm, following its initial 2023 investment in Korbyt. Financial terms were not disclosed.

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Korbyt acquires NFS Technology to create the industry’s most comprehensive and robust workplace experience platform. (Graphic: Business Wire)

Korbyt’s digital signage and workplace communications software solutions serve more than 350 enterprise clients globally, including prominent organizations in global financial services, higher education, manufacturing, supply chain and contact center industries. The company’s leading cloud-native Korbyt Anywhere platform empowers organizations to engage their audiences — employees, students, customers and guests — through a single integrated platform across multiple channels, including digital signage, desktop, web, email and mobile devices. The cloud-based CMS is the industry’s most advanced platform, with extensive native integrations and a robust real-time data engine, enabling customers to connect audiences, places and channels, with captivating experiences.

NFS Technology provides one of the industry’s most robust room booking and space management software platforms to more than 275 clients worldwide, including leading legal, financial, educational and healthcare businesses. With a strong presence in the United States, Europe and Australia, as well as a network of business partners in the Middle East and East Asia, the newly combined entity’s reach spans the globe and encompasses vertical markets that represent significant growth opportunities for Korbyt.

“Workplace communication has evolved dramatically over the past several years, placing an enormous burden on enterprises and other large organizations to embrace modern communications tools that reach their audiences at any location, on any device, while also maximizing shared spaces for in-person collaboration,” said Ankur Ahlowalia, CEO of Korbyt. “Enhancing the Korbyt Anywhere platform with the NFS Rendezvous product suite will bring unparalleled value to the market under one integrated platform and help our shared customer base create engaging workplace experiences where employees, customers and guests can thrive and effectively collaborate.”

By acquiring NFS Technology, Korbyt now offers the industry’s most comprehensive workplace experience platform. The addition of NFS Technology’s advanced room booking and space management solutions complements the Korbyt Anywhere platform, delivering greater value to its customers across the globe.

“The NFS team is excited to join forces with Korbyt as we unite behind our shared mission of delivering a modern workplace experience platform to our customers,” said Luis De Souza, Founder and CEO of NFS Technology. “Successful organizations provide people-centric workplaces where employees enjoy a great experience and can perform at their best. I have known Korbyt for many years and have tremendous respect for the quality of their software solution and the culture they have built — their customer-centric approach to doing business mirrors NFS’s long-standing commitment to the highest quality support. Further, we have already integrated the platforms and look forward to the enhanced capabilities we can deliver together as the industry’s most engaging and robust workplace experience solution.”

“We are extremely pleased to support Korbyt’s acquisition of NFS Technology,” said Chris Ryan, Managing Partner at Clearhaven Partners. “Clearhaven invested in Korbyt to expand its technology leadership on a global basis. The NFS Technology acquisition is an exciting milestone in Korbyt’s growth path, enabling the company to deliver the industry’s most robust and comprehensive workplace experience solution, all from a single, cloud-native platform, further strengthening the company’s leadership in the workplace experience market and helping Korbyt expand in key geographies and market segments.”

With the acquisition of NFS Technology, Korbyt expands its global footprint, increasing its presence in the United Kingdom and the United States, and adding offices in India and Australia.

To learn more about Korbyt, visit GoKorbyt.com. To learn more about NFS Technology, visit MyRendezvous.net. To learn more about Clearhaven Partners, visit ClearhavenPartners.com.

About Korbyt

Korbyt helps enterprises and universities deliver unified, on-brand messages across digital channels to engage audiences effectively. The user-friendly Korbyt Anywhere platform distributes content to any screen with a single click, enabling dynamic communication via digital signage, desktop, email and mobile devices. Headquartered in Dallas, TX, Korbyt empowers organizations worldwide with smart digital signage and integrated workplace communications. For more information, visit GoKorbyt.com.

About NFS Technology

NFS Technology is a leading international provider of the best-of-breed Rendezvous workplace and space management software solutions and services, with hundreds of leading clients worldwide across the legal, financial, educational and healthcare sectors.

Established in 1994, NFS has offices in the U.K., the USA, Australia and India. The company delivers its solutions via a customer-centric consultative approach, understanding its customers’ business needs to deliver exceptional workplace experiences. For more information, visit https://myrendezvous.net/.

About Clearhaven Partners

Clearhaven Partners is a Boston-based private equity firm focused exclusively on investments in software and technology businesses. Clearhaven was founded in 2019 by an investor-operator team to partner with differentiated, growing software and technology companies. Clearhaven brings a collective 50+ years of software investing and operating experience to its portfolio companies through its partnership approach to value creation to help companies scale profitably. Clearhaven manages approximately $1 billion in AUM as of 6/30/24. Visit us at www.clearhavenpartners.com.

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CONTACT: John Snedigar, Faultline Communications

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SOURCE: Korbyt

PUB: 08/13/2024 09:00 AM/DISC: 08/13/2024 09:01 AM

http://www.businesswire.com/news/home/20240813719178/en