| RMG Networks Holding Corporation | |
| Type: | Private |
| Industry: | Digital signage |
| Foundation: | 1980 |
| Location City: | Dallas, Texas |
| Location Country: | United States |
| Key People: | [1] |
| Area Served: | Worldwide |
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.
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.[2] In August 2009, the company renamed itself RMG Networks[3] and appointed Garry McGuire to take over as CEO from Aileen Lee.[4]
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.[5] The company went public via a reverse merger with SCG Financial Acquisition Corp. in April 2013.[6] [7]