RMG Networks

RMG Networks Holding Corporation
Public
Traded as NASDAQ: RMGN
Industry Digital signage
Founded 2006
Headquarters Dallas, United States
Area served
 Worldwide
Key people
 Robert Michelson,[1] President, CEO
Jana Bell, CFO ,
Chuck Corbin, SVP Sales-North America,
Joe Rabah, Managing Director ME,
Martyn Barnett, Managing Director Eurasia
Rick Mattock, CTO
Website www.rmgnetworks.com

RMG Networks, formerly Symon Communications, is a digital signage company headquartered in Texas. It provides digital signage media hardware, software and services to nearly 70% of the Fortune 100. RMG Networks provides data visualization for a variety of application areas including contact centers, supply chain operations and internal communication to leading industries including financial services, healthcare, hospitality, higher education, government, manufacturing, retail, telecommunications, transportation and utilities.

RMG is headquartered in Dallas with offices in the United States, United Kingdom, Singapore, and the United Arab Emirates.

History

Reach Media Group was founded in 2006 as Danoo and got 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 May 2012, RMG sold its digital signage network targeting cafes, small restaurants and juice bars for an undisclosed sum to San Francisco-based Brite Media.

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]

References

  1. ↑ http://www.rmgnetworks.com/news/rmg-networks-names-robert-michelson-ceo
  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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