RMG Networks
 | |
Type of site | Public |
|---|---|
| Traded as | Nasdaq: RMGN |
| Founded | 2006 |
| Headquarters | , United States |
| Area served | Worldwide |
| Key people | Robert Michelson,[1] President, CEO Loren Buck, EVP, COO Dan Horgan, MD, Int'l Enterprise, Jana Bell, CFO , Chuck Corbin, SVP Sales-North America, Joe Rabah, Managing Director ME, Rick Mattock, CTO |
| Industry | Digital signage |
| URL | www |
| Current status | active |
RMG Networks, formerly Reach Media Group, is a digital signage company headquartered in Texas. It provides digital signage media hardware, software and services to nearly 70% of the Fortune 500. The company has two principal business lines: digital place-based solutions and enterprise digital signage. RMG works with the largest digital airline audience of nearly 100 million viewers. The RMG Enterprise Solutions division provides data visualization for a variety of application areas including contact centers, supply chains, employee communications, hospitality, and retail.
RMG is headquartered in Dallas with offices in the United States, United Kingdom, Singapore, and the UAE.
The company's stock is traded on NASDAQ under the ticker symbol RMGN.
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 for $45.5 million and moved its headquarters from San Francisco to the Dallas metropolitan area.[5] It went public via reverse merger with SCG Financial Acquisition Corp. in April 2013.[6][7]
External links
References
- ^ http://www.rmgnetworks.com/news/rmg-networks-names-robert-michelson-ceo
- ^ "Danoo acquires IdeaCast to put ads in gyms and airplanes", VentureBeat, July 6, 2009.
- ^ "Danoo + Ideacast Relaunch As Reach Media Group", DailyDOOH, August 19, 2009.
- ^ "Danoo lands new chief executive for digital out-of-home ads", VentureBeat, July 22, 2009.
- ^ RMG Acquires Symon Communications, Mediapost, April 22, 2013
- ^ Digital signage biz RMG Networks goes public at $10 a share in reverse merger, Venturebeat, April 8, 2013
- ^ RMG goes public with reverse merger, San Francisco Business Times, April 8, 2013