Korbyt
Korbyt is a United States-based workplace software and digital-signage company whose platform manages and distributes digital content, dashboards, and data visualizations across workplace devices.
Last updated August 25, 2026
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Overview
Korbyt is an American workplace-technology and digital-signage company headquartered in the Dallas metropolitan area, with additional offices in the United Kingdom and the United Arab Emirates. Its software platform, also called Korbyt, is designed to help organizations manage, publish, and visualize information across desktops, mobile devices, and digital displays. The platform combines content management with performance dashboards and data visualization, positioning the company at the intersection of employee communications, workplace experience, business intelligence, and digital signage. The company’s corporate history reaches back to two related strands of the digital-signage industry. Its immediate predecessor was founded in 2006 as Danoo, later becoming Reach Media Group and then RMG Networks. Separately, Symon Communications, a digital-signage business founded in 1980, became an important part of the company after RMG acquired selected Symon assets in 2013. The company also acquired certain assets of IdeaCast in 2009, broadening its customer base to include environments such as fitness clubs and airline passenger settings. Danoo received backing from Kleiner Perkins Caufield & Byers, DAG Ventures, National CineMedia, and Tennenbaum Capital Partners. In August 2009, it adopted the RMG Networks name and appointed Garry McGuire as chief executive, replacing Aileen Lee. RMG subsequently pursued a public-market strategy. In April 2013, it completed a reverse merger with SCG Financial Acquisition Corp. and was relisted on NASDAQ under the RMG Networks name at $10 per share. During the same month, RMG acquired Symon Communications for $45.5 million. The transaction expanded the company’s digital-signage capabilities and led to the relocation of its headquarters from San Francisco to the Dallas area, where Symon had been based. RMG’s international development was recognized in 2013 when it received the Queen’s Award for Enterprise in International Trade. The award cited three consecutive years of outstanding export growth, and company representatives attended a reception at Buckingham Palace in July of that year. By 2018, RMG faced difficulties associated with remaining a public company. Executive chairman Gregory Sachs and Virgo Capital proposed taking the company private, while Hale Capital Partners advanced an alternative recapitalization proposal. After the Hale proposal failed in August 2018, three of RMG’s six board members resigned. Later that year, RMG agreed to be acquired by Virgo Capital and Sachs Capital Group, ending its public-company status. The company continued its software-oriented transformation under chief executive Ankur Ahlowalia, appointed in September 2020. On September 23, 2020, RMG announced that it would rebrand around the name of its core product, Korbyt. The rebrand reflected a shift from an identity centered primarily on digital signage toward a broader workplace communications and software platform. The available reference material identifies Korbyt as an active private company, but does not provide current ownership details, financial results, a current executive roster beyond the 2020 appointment, or a confirmed corporate website.
History
Korbyt’s history is rooted in the development of digital signage and enterprise communications technology. The company’s immediate predecessor was established in 2006 under the name Danoo. It received financial backing from Kleiner Perkins Caufield & Byers, DAG Ventures, National CineMedia, and Tennenbaum Capital Partners. Danoo’s early model was connected to the delivery of digital media and information in public and consumer-facing environments. In July 2009, Danoo acquired selected assets of IdeaCast. The transaction broadened its customer reach, particularly in venues such as fitness clubs and airline passenger environments. The following month, the business changed its name to RMG Networks, also known in its corporate history as Reach Media Group. At the same time, Garry McGuire became chief executive, succeeding Aileen Lee. RMG pursued a public listing in April 2013 through a reverse merger with SCG Financial Acquisition Corp. The transaction enabled the company to be relisted on NASDAQ under the RMG Networks name at $10 per share. That same month, RMG purchased Symon Communications for $45.5 million. Symon had been founded in 1980 and was an established participant in digital signage. Its integration strengthened RMG’s connection to the digital-signage sector and prompted the relocation of RMG’s headquarters from San Francisco to the Dallas metropolitan area, the location associated with Symon. The company’s international expansion was acknowledged in 2013 when RMG Networks received the Queen’s Award for Enterprise in International Trade. The award recognized three consecutive years of outstanding export growth. Company representatives attended a celebratory reception at Buckingham Palace in July. RMG later encountered challenges as a publicly traded company. In 2018, executive chairman Gregory Sachs and Virgo Capital proposed a transaction to take the company private. Hale Capital Partners put forward a competing recapitalization proposal, producing an internal dispute over the company’s direction and capitalization. When the Hale proposal failed in August, three of RMG’s six board members resigned. RMG subsequently agreed to be acquired by Virgo Capital and Sachs Capital Group, returning the business to private ownership. The company’s next major transition was strategic as well as managerial. In September 2020, it appointed Ankur Ahlowalia, described in the reference material as a Silicon Valley software executive, as chief executive officer. On September 23, 2020, RMG announced a rebrand using the name Korbyt, taken from its core product. The change signaled an emphasis on software for workplace communications, content management, performance dashboards, and data visualization rather than a narrower identity based solely on digital signage. Korbyt is described as headquartered in Dallas, Texas, with additional offices in the United Kingdom and the United Arab Emirates. Its platform serves desktops, mobile devices, and digital displays. The available reference material does not establish a current owner beyond the 2018 private acquisition, does not identify a current chief executive after the 2020 appointment, and does not provide later financial or operational data.
- 2020
Ankur Ahlowalia becomes CEO
[1]The company appoints software executive Ankur Ahlowalia as chief executive.
- 2020
RMG Networks rebrands as Korbyt
[1]The company adopts the Korbyt name to reflect its core software platform.
- 2018
RMG returns to private ownership
[1]RMG agrees to be acquired by Virgo Capital and Sachs Capital Group after a contested recapitalization process.
- 2013
RMG is relisted on NASDAQ
[1]A reverse merger with SCG Financial Acquisition Corp. enables RMG Networks to return to NASDAQ at $10 per share.
- 2013
Symon Communications is acquired
[1]RMG Networks acquires Symon Communications for $45.5 million and moves its headquarters to the Dallas metropolitan area.
- 2013
Queen’s Award for Enterprise is received
[1]RMG Networks receives the Queen’s Award for Enterprise in International Trade for sustained export growth.
- 2009
IdeaCast assets are acquired
[1]Danoo acquires certain IdeaCast assets, expanding its reach into fitness-club and airline-passenger environments.
- 2009
The company becomes RMG Networks
[1]Danoo changes its name to RMG Networks and appoints Garry McGuire as chief executive.
- 2006
Danoo is founded
[1]The immediate predecessor of Korbyt is founded as Danoo.
- 1980
Symon Communications is founded
[1]Symon Communications, the digital-signage company later acquired by RMG Networks, is established.
Products and positioning
An enterprise workplace-experience and communications platform that unifies digital signage, content management, performance dashboards, and data visualization across physical and personal employee touchpoints.
Workplace software and digital signage
Korbyt platform
Korbyt’s principal platform provides tools for managing and distributing organizational content across desktops, mobile devices, and digital displays. It combines content management with performance dashboards and data visualization, supporting workplace communications and the presentation of operational or business information. The available reference material does not specify individual modules, pricing, release history, or technical architecture.
Digital signage
Digital signage solutions
The company’s historical business includes digital-signage solutions inherited from its earlier RMG Networks and Symon Communications operations. These solutions support the publication of visual information in organizational, consumer, and public environments. Specific hardware models, software editions, and current product names are not identified in the supplied reference material.
Brand decisions
2020
Appointment of Ankur AhlowaliaOtherBackground
The company was moving toward a software-centered workplace technology identity.
Action taken
RMG appointed Silicon Valley software executive Ankur Ahlowalia as chief executive in September 2020.
Aftermath
Ahlowalia’s appointment preceded the company’s rebranding around its Korbyt software platform.
2020
Rebrand from RMG Networks to KorbytStrategyBackground
The company’s core offering had developed beyond a narrow digital-signage identity into a broader workplace software platform.
Action taken
On September 23, 2020, RMG announced that it would adopt the Korbyt name.
Aftermath
The corporate brand was aligned with the Korbyt platform, emphasizing content management, dashboards, data visualization, and workplace communications.
2018
Going-private transactionM&ABackground
RMG Networks faced challenges as a public company, leading to competing proposals concerning a private acquisition and a recapitalization.
Action taken
After the alternative Hale Capital Partners proposal failed and three of six board members resigned, RMG agreed to be acquired by Virgo Capital and Sachs Capital Group.
Aftermath
The company became privately owned and was no longer a public NASDAQ-listed business.
2013
Acquisition of Symon CommunicationsM&ABackground
RMG Networks was expanding its position in digital signage and sought to add the capabilities and market presence of Symon Communications.
Action taken
RMG acquired Symon Communications in April 2013 for $45.5 million.
Aftermath
The acquisition strengthened RMG’s digital-signage heritage and contributed to the relocation of its headquarters to the Dallas metropolitan area.
Acquisition price. $45.5 million (April 2013)
2013
Reverse merger and NASDAQ relistingOtherBackground
RMG Networks pursued access to public capital markets through a transaction with a special-purpose acquisition company.
Action taken
The company completed a reverse merger with SCG Financial Acquisition Corp. and was relisted on NASDAQ at $10 per share.
Aftermath
RMG operated as a publicly traded company until its return to private ownership in 2018.
NASDAQ relisting price. $10 per share (April 2013)
2009
Acquisition of selected IdeaCast assetsM&ABackground
Danoo sought to broaden its customer base and presence in location-based digital-media environments.
Action taken
The company acquired certain assets of IdeaCast in July 2009.
Aftermath
The transaction expanded the company’s reach to fitness clubs and airline passenger settings.
Recent events
- 2020
RMG Networks appoints Ankur Ahlowalia as CEO[1]
Leadership change
The company appointed Silicon Valley software executive Ankur Ahlowalia as chief executive.
- 2020
RMG Networks rebrands as Korbyt[1]
Other · Product generation
RMG Networks adopted the Korbyt name to align the corporate identity with its core workplace software platform.
- 2018
RMG Networks agrees to go private[1]
M&A · Other
Following disputes over the company’s future and the failure of an alternative recapitalization proposal, RMG agreed to be acquired by Virgo Capital and Sachs Capital Group.
- 2013
RMG Networks enters the public market through a reverse merger[1]
Other
RMG Networks completed a reverse merger with SCG Financial Acquisition Corp. and was relisted on NASDAQ at $10 per share.
- 2013
RMG Networks acquires Symon Communications[1]
M&A
RMG acquired the digital-signage company Symon Communications, founded in 1980, for $45.5 million and moved its headquarters to the Dallas area.
- 2013
RMG Networks receives the Queen’s Award for Enterprise[1]
Other
The company received the Queen’s Award for Enterprise in International Trade for three consecutive years of outstanding export growth.
- 2009
Danoo acquires selected IdeaCast assets[1]
M&A
The transaction expanded the company’s customer base into settings including fitness clubs and airline passenger environments.
- 2009
Danoo becomes RMG Networks and appoints Garry McGuire as CEO[1]
Leadership change · Other
The company changed its corporate name to RMG Networks and replaced Aileen Lee with Garry McGuire as chief executive.
Sources3 sources
- 1Korbyten.wikipedia.org
- 2Korbyt Unveils First-Ever Virtual WorkplaceEx Event Helping Customers and Partners Accelerate to the Hybrid Workplaceprnewswire.com
- 3RMG Networks Appoints Technology Veteran Ankur Ahlowalia as Chief Executive Officer to Accelerate Growth in Cloud Digital Signage Platform Korbytprnewswire.com
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