RMG Networks

Last updated

RMG Networks Holding Corporation
Private
Industry Digital signage
Founded1980
Headquarters,
United States
Area served
Worldwide
Key people
  • Justin Caskey, CFO
  • George Clopp, CTO
[1]
Website www.rmgnetworks.com

RMG Networks, formerly Symon Communications, is a digital signage company headquartered in Texas.

Contents

RMG is headquartered in Dallas with offices in the United States and United Kingdom.

History

1980 – 2013 Early Symon Years

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]

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 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]

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References

  1. "About us". RMG Networks. Retrieved June 17, 2020.
  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