Acquisition Announcement: Korbyt Secures NFS Technology Through Takeover
Korbyt, a leading provider of digital workplace communication solutions, has announced the acquisition of NFS Technology, a global provider of meeting room booking and space management software solutions and services. This strategic move is a significant milestone in Korbyt's growth path, aiming to expand its technology leadership on a global basis.
Clearhaven Partners, a U.S.-based software-focused private equity firm, invested in Korbyt to facilitate this expansion. NFS Technology serves more than 275 clients worldwide, including leading legal, financial, educational, and healthcare businesses. The acquisition is significant as it expands Korbyt's reach globally and encompasses vertical markets that represent significant growth opportunities.
The acquisition complements Korbyt's Korbyt Anywhere platform, a cloud-native solution for digital signage and workplace communications. With NFS Technology's room booking and space management solutions, Korbyt's platform now offers a more comprehensive workplace experience platform. This expanded solution enables organizations to optimize operations, enhance employee engagement, and deliver real-time insights across multiple digital channels and physical spaces.
Ankur Ahlowalia, CEO of Korbyt, stated, "The acquisition of NFS Technology brings unparalleled value to the market under one integrated platform. We are excited to combine our enterprise-grade omnichannel workplace communications capabilities with advanced room booking and space utilization management, helping organizations maximize shared spaces for in-person collaboration."
Luis De Souza, Founder and CEO of NFS Technology, expressed his excitement about joining forces with Korbyt. "NFS Technology shares a mission with Korbyt to deliver a modern workplace experience platform. We are thrilled to be part of a team that is dedicated to transforming the way organizations communicate and manage their physical spaces."
Specifically, Korbyt’s capabilities now include omnichannel workplace communications, room booking and space management, real-time insights and analytics, cloud-based CMS and integration, and more. The integration positions Korbyt as a more robust platform for enterprises, combining digital workplace communication with advanced space management tools, supporting improved collaboration, resource allocation, and workplace efficiency on a global scale.
Financial terms of the acquisition were not disclosed. Chris Ryan, managing partner at Clearhaven Partners, supports the acquisition of NFS Technology by Korbyt. The combined entity aims to be the industry's most engaging and robust workplace experience solution. The combined entity has a strong presence in the United States, Europe, Australia, and has a network of business partners in the Middle East and East Asia.
The NFS team has already integrated the platforms and looks forward to enhanced capabilities together. Korbyt Anywhere platform serves more than 350 enterprise clients globally. The addition of NFS Technology's advanced room booking and space management solutions will bring unparalleled value to the market under one integrated platform. The NFS team respects Korbyt's software solution quality and the culture they have built.
The acquisition will help Korbyt's shared customer base create engaging workplace experiences where employees, customers, and guests can thrive and effectively collaborate. The future looks promising as Korbyt continues to innovate and deliver solutions that shape the modern workplace.
- The acquisition of NFS Technology by Korbyt, a leading provider of digital workplace communication solutions, expands their technology offerings to include omnichannel workplace communications, room booking and space management, real-time insights and analytics, cloud-based CMS and integration, and more.
- With the addition of NFS Technology's advanced room booking and space management solutions, Korbyt's platform now offers a more comprehensive workplace experience platform, enabling organizations to optimize operations, enhance employee engagement, and deliver real-time insights across multiple digital channels and physical spaces.
- The combined entity, Korbyt and NFS Technology, aims to be the industry's most engaging and robust workplace experience solution, serving more than 625 clients worldwide in diverse industries such as legal, financial, educational, and healthcare, and featuring a strong presence in the United States, Europe, Australia, the Middle East, and East Asia.
