Korbyt, a Dallas provider of digital signage and workplace experience software, has acquired U.K.-based 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 Boston-based, software-focused private equity firm. In 2023, Korbyt received “a significant initial growth investment” from Clearhaven.

Terms of the deal were not disclosed.

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 said. Its cloud-native Korbyt Anywhere platform helps organizations engage their audiences— from employees to students, customers, and guests—through a single integrated platform. The platform works across multiple channels including digital signage, desktop, web, email and mobile devices.

NFS Technology’s expansive global presence

NFS Technology provides room booking and space management software platforms to more than 275 clients worldwide, including leading legal, financial, educational and healthcare businesses. The company has a strong presence in the U.S., Europe and Australia, as well as a network of business partners in the Middle East and East Asia.

With the acquisition by Korbyt, the newly combined entity’s reach “spans the globe and encompasses vertical markets that represent significant growth opportunities” for the Dallas-based company, Korbyt said.

“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,” Korbyt CEO Ankur Ahlowalia said in a statement. “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.”

Korbyt said that by acquiring NFS Technology, it now offers the industry’s “most comprehensive workplace experience platform,” delivering greater value to its customers across the globe.

Luis De Souza, founder and CEO of NFS Technology, said his 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.”

“Successful organizations provide people-centric workplaces where employees enjoy a great experience and can perform at their best,” De Souza added in a statement. “I’ve 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.”

Chris Ryan, managing partner at Clearhaven Partners, said his firm 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,” Ryan said in a statement.

With the acquisition, Korbyt said it has expanded its global footprint, increasing its presence in the United Kingdom and the U.S. and adding offices in India and Australia.

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