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Investment Will Bolster Leadership Position in Digital Signage and Workplace Experience Software
Dallas, TX and Boston, MA – July 18, 2023 – Korbyt, a leading provider of digital signage and workplace experience software, announced that it has received a significant growth investment from Clearhaven Partners (“Clearhaven”), a dedicated software- and technology-focused private equity firm based in Boston. The partnership with Clearhaven will accelerate Korbyt’s growth trajectory by expanding reseller and technology partnerships, facilitating customer support growth, as well as supporting additional innovation in Korbyt’s industry-leading, cloud-native SaaS platform. Financial terms were not disclosed.
The Company’s cloud-based Korbyt Anywhere SaaS platform is the leading next-generation technology platform for corporate omni-channel communications and content management, enabling organizations to create and distribute compelling messages and visualize mission-critical data to boost contact center agent and frontline worker productivity. Korbyt is the workplace experience technology partner of choice for 400 global enterprises, including 60 of the Fortune 100 across many industries, including financial services, manufacturing & distribution, healthcare, retail, insurance and higher education.
The Korbyt Anywhere platform enables content and data to be seamlessly shared across multiple channels such as digital signage, employee desktops, mobile devices, meeting rooms and more. Korbyt’s customers benefit from a single, highly configurable platform with robust native integrations and machine learning technology that empowers communications, IT, marketing and operations teams to visualize real-time content and better engage with both employees and customers.
Clearhaven Partners is a growth-oriented software and technology private equity investment firm. Clearhaven invests exclusively in software and software-driven companies across major thematic areas driving business software demand. Clearhaven brings experience and operating support to its portfolio companies to help them scale profitably and realize their next-stage potential.
“We are thrilled to partner with Clearhaven Partners in this next chapter of our company’s growth,” said Ankur Ahlowalia, CEO of Korbyt. “Clearhaven’s deep software industry expertise and shared vision for growth align well with our strategic objectives. Together, Korbyt and Clearhaven will accelerate momentum as the leading provider of cloud-native digital signage and corporate communications software, further invest in the product portfolio and our experienced and passionate team, and continue exceeding customer expectations through best-in-class customer support.”
Christopher Ryan, Managing Partner at Clearhaven Partners commented, “At Clearhaven, we see an enormous opportunity in workplace experience technology, as legacy solutions no longer meet enterprises’ growing need for enhanced communication and engagement solutions for distributed employees and customers. Korbyt is well positioned to capitalize on this tremendous market opportunity through its innovative platform that allows organizations to natively deliver market-leading workplace experience technology across a diverse set of endpoints and use-cases through a single integrated platform.”
“Clearhaven’s investment in Korbyt marks an exciting starting line for the next era of the Company’s growth and innovation,” commented Michelle Noon, Co-Founder and Managing Partner of Clearhaven. “We were impressed with Korbyt’s product vision and success in bringing a true cloud-first approach to address the digital communication demands of the modern workplace. Our alignment with Ankur and the management team underpins our enthusiasm for this partnership and investment.”
The award-winning Korbyt Anywhere platform features more than 200 native connections with databases and enterprise applications to drive outcomes across a variety of use cases and to reach anyone, anywhere, with relevant content, information and KPIs.
McAfee & Taft acted as legal counsel to Korbyt and Virgo Capital, who remains a minority investor in the business. Kirkland & Ellis LLP acted as legal counsel to Clearhaven Partners in the transaction.
About Korbyt
Korbyt Anywhere is a workplace experience platform that enables companies to reach targeted audiences and deliver relevant content, data and information, while also enabling easy access to systems and resources on any screen, anywhere. Powerful, cloud-based CMS capabilities engage employees via a wide range of channels, including digital signage, desktop, email and mobile devices. With 1M+ deployed endpoints and industry-leading cloud migration capabilities, Korbyt Anywhere is the most advanced platform for engaging employees and customers. The Company is headquartered in Dallas, Texas, with additional offices worldwide including the United Kingdom. For more information, visit https://www.korbyt.com.
About Clearhaven Partners LP
Clearhaven Partners is a Boston-based private equity firm focused exclusively on investments in software and technology businesses. Clearhaven was founded by an investor-operator team to partner with differentiated, growing software and technology companies with up to $100 million in revenue. Clearhaven brings a collective 50+ years of software investing and operating experience to its portfolio companies through its partnership approach with management and its value creation playbook to help companies scale profitably. Visit us at www.clearhavenpartners.com.
Korbyt Media Contact:
Justin Caskey
Chief Financial Officer
justin.caskey@korbyt.com
