Minneapolis, MN – Carousel Digital Signage (“Carousel”) has been acquired by Navori Labs. Hennepin Partners served as Carousel’s exclusive financial advisor and Winthrop & Weinstine acted as legal counsel. Terms of the transaction were not disclosed.
Carousel is a leading provider of cloud-based digital signage and content management software enabling organizations to quickly and securely create, publish and manage visual messages – at scale – across screens, devices and locations. A trusted name in digital signage for more than 25 years, Carousel’s platform allows teams to update content remotely and in real time, supports all major media players (including Apple TV, BrightSign, LG webOS and Chrome Enterprise), and helps customers share timely information, increase engagement and bring otherwise static spaces to life. The Company has a deep focus on three core verticals – education, corporate communications and government.
The introduction of Carousel’s platform and vertical knowledge to Navori’s offering strengthens its customer reach, adding education and government to Navori’s focus of retail, large venues and stadiums, quick service restaurants, and corporate communications. Carousel’s platform has an easy-to-use, straightforward user interface, making it ideal for enterprise applications in digital signage installations such as lobby signage, conference rooms, and mobile messaging. Carousel customers will keep their current digital signage platform and support path.
“Carousel stands out as one of the easiest platforms to operate from a usability perspective, as well as having outstanding customer support, and deep knowledge of their key verticals. These are all essential for clients who may be running security- or safety-critical operations across the enterprise,” saidJeffrey Weitzman, Chief Executive Officer of Navori Labs. “Adding Carousel digital signage to Navori’s full technology stack fuels the next stage of growth. We’re giving our partners and end users unmatched flexibility to choose the platform that best fits their needs.”
Carousel bolsters Navori’s digital signage offering along with Qompose, QL, and Signagelive content management systems. More than 30 Carousel employees will join Navori, which has sold 1.5 million licenses globally in more than 125 countries.
“Our customers chose Carousel because it makes it easy to reach their people, whether that’s at a company headquarters, a college campus or a city hall,” said John Reilly, Managing Director of Carousel Digital Signage. “As part of Navori, we’re thrilled to bring that same powerful simplicity, and the support our customers count on, to a much broader set of organizations.”
Regarding working with Hennepin Partners, Founder and CEO JJ Parker said, “Selling Carousel was entirely new territory for our team, and Hennepin Partners was by our side every step of the way. As we evaluated our strategic options, they gave us candid advice and the patience to make the right decision for the business. Once we chose to move forward, they guided us through a process that was entirely foreign to our team. Hennepin’s commitment never wavered and their persistence, steady counsel and belief in Carousel were instrumental in finding the right home for our business with Navori, and we are grateful for their partnership.”