Korbyt Receives Growth Investment from Clearhaven Partners
Korbyt has received a significant growth investment from Clearhaven Partners, a dedicated software and technology-focused private equity firm based in Boston.
The partnership with Clearhaven is designed to accelerate Korbyt’s growth trajectory by expanding reseller and technology partnerships, facilitating customer support growth, and supporting additional innovation in the company’s cloud-native SaaS platform.
“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.”
“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,” said Christopher Ryan, managing partner, Clearhaven. “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,” concluded Michelle Noon, co-founder and managing partner, 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.”
Financial terms were not disclosed. 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.