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RMG Networks

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Digital signage company in Texas
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RMG Networks Holding Corporation
Company typePrivate
IndustryDigital signage
Founded1980
HeadquartersDallas, Texas, United States
Area servedWorldwide
Key people
  • Justin Caskey, CFO
  • George Clopp, CTO
Websitewww.korbyt.com

RMG Networks (Korbyt), formerly Symon Communications, is a digital signage company headquartered in Texas.

Korbyt is headquartered in Dallas with offices in the United States and United Kingdom.

History

1980 – 2013 Early Symon Years

Reach Media Group was founded in 2006 as Danoo and received financial backing from Kleiner Perkins Caufield & Byers, DAG Ventures, National CineMedia and Tennenbaum Capital Partners. In July 2009, Danoo acquired IdeaCast. In August 2009, the company renamed itself RMG Networks and appointed Garry McGuire to take over as CEO from Aileen Lee.

2013 – 2018 Transition to RMG Networks

In April 2013, the company acquired Symon Communications, a digital signage company founded in 1980, for $45.5 million and moved its headquarters from San Francisco to the Dallas metropolitan area where Symon Communications was located. The company went public via a reverse merger with SCG Financial Acquisition Corp. in April 2013.

References

  1. "About us". RMG Networks. Retrieved June 17, 2020.
  2. "Danoo acquires IdeaCast to put ads in gyms and airplanes", VentureBeat, July 6, 2009.
  3. "Danoo + Ideacast Relaunch As Reach Media Group", DailyDOOH, August 19, 2009.
  4. "Danoo lands new chief executive for digital out-of-home ads", VentureBeat, July 22, 2009.
  5. RMG Acquires Symon Communications, Mediapost, April 22, 2013
  6. Digital signage biz RMG Networks goes public at $10 a share in reverse merger, Venturebeat, April 8, 2013
  7. RMG goes public with reverse merger, San Francisco Business Times, April 8, 2013
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