Korbyt, a Dallas, Texas-based company specializing in enterprise-grade omnichannel workplace communications solutions, has acquired NFS Technology, a Widford, Hertfordshire, UK-based provider of meeting room booking and space management software solutions and services.
The transaction value was not disclosed.
The acquisition was made in partnership with Clearhaven Partners, a US-based software-focused private equity firm, following its initial investment in Korbyt in 2023.
The addition of NFS Technology's advanced room booking and space management solutions complements the Korbyt Anywhere platform, providing a comprehensive workplace experience platform. With this acquisition, Korbyt will expand its global footprint, increasing its presence in the UK and US, and adding offices in India and Australia.
Led by Founder and CEO Luis De Souza, NFS Technology provides a room reservation and space management software platform to over 275 clients worldwide, including in the legal, financial, education and healthcare industries. The company has offices in the US, Europe and Australia, with a network of business partners in the Middle East and East Asia.
Led by CEO Ankur Ahlowalia, Korbyt helps businesses and universities deliver a unified brand message across digital channels and effectively engage with their audiences. The company's cloud-native Korbyt Anywhere platform enables organizations to engage with audiences (employees, students, customers, guests) through multiple channels including digital signage, desktop, web, email, and mobile devices through a single unified platform. The cloud-based CMS has extensive native integrations and a real-time data engine, enabling customers to connect audiences, locations, and channels with compelling experiences. Korbyt's digital signage and workplace communications software solutions serve over 350 enterprise clients worldwide, including prominent organizations in global financial services, higher education, manufacturing, supply chain, and contact center industries.
Finance Small and Medium Enterprises
August 14, 2024
