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

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

. Korbyt is headquartered in

Dallas Dallas () is a city in the U.S. state of Texas and the most populous city in the Dallas–Fort Worth metroplex, the List of Texas metropolitan areas, most populous metropolitan area in Texas and the Metropolitan statistical area, fourth-most ...

with offices in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

and

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

History

1980 – 2013 Early Symon Years

Reach Media Group was founded in 2006 as Danoo and received financial backing from

Kleiner Perkins Caufield & Byers Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneur ...

DAG Ventures DAG Ventures is an American venture capital firm based in Palo Alto, California. DAG Ventures works with startups in providing early stage and growth stage funding. Since its founding in 2004, by Tom Goodrich and John Cadeddu, the firm has backe ...

National CineMedia National CineMedia, Inc. (NCM) is an American movie theater, cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater netwo ...

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 Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...

from

San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...

to the Dallas metropolitan area where Symon Communications was located. The company went public via a

reverse merger A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

with SCG Financial Acquisition Corp. in April 2013.RMG goes public with reverse merger
San Francisco Business Times, April 8, 2013

References

{{Reflist Companies based in Dallas American companies established in 1980