Korbyt, a leader in enterprise-grade omnichannel workplace communications solutions, has announced its acquisition of NFS Technology, a top provider of meeting room booking and space management software. This strategic move, in partnership with Clearhaven Partners, follows an initial investment by the private equity firm in 2023. Financial terms of the acquisition were not disclosed.
- About Korbyt:
- Korbyt serves over 350 enterprise clients globally with its digital signage and workplace communications software.
- The Korbyt Anywhere platform offers integrated communication across digital signage, desktop, web, email, and mobile devices.
- The cloud-based CMS is renowned for its real-time data engine and extensive native integrations.
- About NFS Technology:
- NFS Technology provides robust room booking and space management solutions to over 275 clients worldwide.
- The company has a strong presence in the U.S., Europe, Australia, and partners in the Middle East and East Asia.
- Their solutions are used by leading legal, financial, educational, and healthcare organizations.
- Strategic Impact of the Acquisition:
- The acquisition enhances Korbyt’s offerings by integrating NFS Rendezvous with Korbyt Anywhere, creating a comprehensive workplace experience platform.
- The combined solutions will help organizations maximize shared spaces and improve workplace collaboration and engagement.
- Executive Quotes:
- Ankur Ahlowalia, CEO of Korbyt: “Integrating NFS Technology’s products will provide unparalleled value to our customers and enhance the Korbyt Anywhere platform, offering a unified solution for modern workplace communication and space management.”
- Luis De Souza, Founder and CEO of NFS Technology: “Joining forces with Korbyt aligns with our mission to deliver exceptional workplace experiences and leverages our combined strengths to offer a leading workplace solution.”
- Chris Ryan, Managing Partner at Clearhaven Partners: “This acquisition marks a significant milestone in Korbyt’s growth, enhancing its position as a leader in workplace experience solutions and expanding its global reach.”
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Expansion and Future Outlook:
- The acquisition expands Korbyt’s global footprint, increasing its presence in the UK and the U.S., and adding new offices in India and Australia.
- The combined entity aims to deliver a more robust and engaging workplace experience solution to its clients worldwide.
- Korbyt’s acquisition of NFS Technology signifies a major enhancement to its workplace communication solutions. By integrating NFS’s advanced room booking and space management capabilities with Korbyt Anywhere, the company is poised to offer a comprehensive, cloud-native platform that addresses modern workplace needs and expands its global market presence.
