Korbyt, a Dallas-based provider of enterprise-grade omnichannel workplace communications solutions, has acquired NFS Technology, a UK-based leader in meeting room booking and space management software. The financial details of the deal were not disclosed.
This acquisition, completed in partnership with Clearhaven Partners, a U.S.-based private equity firm focused on software investments, marks a significant strategic move for Korbyt. Clearhaven’s initial investment in Korbyt earlier in 2023 paved the way for this expansion.
Growth and Expansion Plans:
1. Enhanced Platform Capabilities:
The integration of NFS Technology’s advanced room booking and space management solutions into the Korbyt Anywhere platform will provide a more comprehensive workplace experience solution. This addition enhances Korbyt’s ability to offer integrated, enterprise-grade solutions for managing meeting spaces and optimizing workspace usage.
2. Global Footprint Expansion:
With the acquisition, Korbyt is set to broaden its global presence. NFS Technology’s established offices in the United Kingdom, India, and Australia will become part of Korbyt’s network, boosting its reach in these regions and strengthening its position in the United States. This expanded footprint supports Korbyt’s strategy to increase its market share and serve a wider array of international clients.
3. Integration and Synergy Development:
Korbyt plans to leverage the synergies between its Korbyt Anywhere platform and NFS Technology’s solutions. This includes integrating NFS’s room booking capabilities into Korbyt’s comprehensive digital communication platform, which already supports digital signage, desktop, web, email, and mobile channels. The aim is to create a unified solution that enhances workplace efficiency and communication.
4. Market Penetration and Customer Base Growth:
Korbyt is targeting increased penetration into sectors that value sophisticated workspace management, such as legal, financial, educational, and healthcare industries. The acquisition will allow Korbyt to offer a more robust suite of services to its existing and new clients, thereby driving growth in these verticals.
5. Strategic Partnerships and Global Network:
In addition to expanding its internal capabilities, Korbyt plans to strengthen its network of business partners, particularly in regions where NFS Technology has a presence, including the Middle East and East Asia. This will enhance Korbyt’s ability to deliver its solutions through a wider network of partners and integrate with local market needs.
Under the leadership of CEO Ankur Ahlowalia, Korbyt continues to advance its mission of delivering unified, on-brand messages across digital channels. The company’s cloud-native Korbyt Anywhere platform enables organizations to engage audiences—employees, students, customers, and guests—through a single integrated solution. Korbyt’s extensive native integrations and real-time data engine facilitate engaging, captivating experiences across multiple channels, supporting over 350 global enterprise clients in diverse industries.
