Acquisition Announcement in the Professional Audio-Visual (AV) Sector: Korbyt Takes Over NFS Technology

Acquisition Announcement in the Professional Audio-Visual (AV) Sector: Korbyt Takes Over NFS Technology

In a strategic move to bolster its platform capabilities, Korbyt, a leading provider of digital signage and workplace communications software solutions, has announced the acquisition of NFS Technology, a specialist in meeting room booking and space management software solutions and services.

This acquisition significantly enhances Korbyt’s platform capabilities by integrating advanced workplace experience features focused on space utilization and room scheduling. The addition of NFS Technology’s expertise complements Korbyt’s existing omnichannel workplace communications platform, enabling enterprises to streamline and optimize room bookings and workspace management within buildings, in addition to engaging employees with targeted content across digital signage and mobile interfaces.

The synergy between Korbyt’s cloud-based CMS and employee engagement tools and NFS Technology’s room booking and space management solutions allows organizations to improve operational efficiencies in real estate usage and workplace experience simultaneously.

Unified Solutions for Improved Efficiency

The combined solution delivers unified workplace communications and space management solutions from a single platform. This integration provides smart room booking capabilities integrated with digital signage and employee engagement tools, improving space utilization and supporting hybrid work models with efficient, real-time space scheduling and workspace analytics.

Global Reach and Market Expansion

The acquisition helps Korbyt expand in key geographies and market segments. NFS Technology serves more than 275 clients worldwide, including leading businesses in legal, financial, educational, and healthcare sectors. 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.

Clearhaven Partners, an investor in Korbyt, supports the acquisition as a step towards expanding Korbyt’s technology leadership on a global basis. The acquisition strengthens Korbyt's leadership in the workplace experience market.

Luis De Souza, Founder and CEO of NFS Technology, expressed excitement about joining forces with Korbyt, stating, "We are thrilled to be part of Korbyt and look forward to delivering the industry's most robust and comprehensive workplace experience solution."

Ankur Ahlowalia, CEO of Korbyt, shared similar sentiments, stating that the acquisition will bring unparalleled value to the market under one integrated platform. He added, "This acquisition is an exciting milestone in Korbyt's growth path, aligning our platform towards a more comprehensive workplace experience platform that addresses both communication and space optimization challenges in modern enterprises."

Successful organizations prioritize people-centric workplaces where employees can perform at their best. The Korbyt Anywhere platform empowers organizations to engage audiences across multiple channels, including digital signage, desktop, web, email, and mobile devices. With the addition of NFS Technology's room booking and space management solutions, Korbyt is well-positioned to meet the evolving needs of modern workplaces.

1. The acquisition of NFS Technology by Korbyt, a digital signage and workplace communications software provider, strengthens the unified workplace communications and space management solutions offered on a single platform, integrating smart room booking capabilities with digital signage and employee engagement tools.
2. This strategic move enables Korbyt to expand in key geographies and market segments, as NFS Technology serves over 275 clients globally, particularly in the legal, financial, educational, and healthcare sectors, thereby enhancing Korbyt's global reach.
3. The addition of NFS Technology's room booking and space management solutions complements Korbyt's existing CMS and employee engagement tools, allowing organizations to optimize room bookings and workspace management while simultaneously improving operational efficiencies and providing a more comprehensive workplace experience solution.

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