Munich, Germany – November 2026– Maguar Capital, the leading German software investor, is pleased to announce that its Swiss-based portfolio company Navori Labs (HQ Lausanne) has acquired Carousel Digital Signage (“Carousel”), a US-based provider of cloud-based digital signage CMS software, from Tightrope Media Systems, Inc.
Founded in 1997 and headquartered in Minneapolis, Minnesota, Carousel provides a cloud-based, hardware-agnostic content management platform built for large, distributed organizations. Carousel serves more than 1,100 customers across higher education, K-12, government and corporate communications, and supports a broad range of player platforms, including native Apple TV. Carousel’s management team and 30 employees will join the Navori Labs Group and continue to serve Carousel’s customers and partners.
With this acquisition, Navori Labs strengthens its position as the world’s largest independent and channel-focused, pure-play digital signage software provider, which has sold 1.5 million licenses globally in more than 125 countries. Carousel brings deep domain expertise across education, government and corporate communications – end markets characterized by large, distributed organizations. The acquisition fits Navori Labs’ verticalization strategy based on its new product Qompose.
This transaction gives the Group a significantly larger presence in North America, its biggest market, and welcomes a talented new team in the United States. The acquisition of Carousel follows the 2025 acquisition of UK-based digital signage provider Signagelive. The combined Group operates development and commercial teams across Switzerland, the United States, Canada, France, the UK, the UAE, Saudi Arabia, India and Australia, while retaining its global headquarters in Lausanne.
Jeffrey Weitzman, CEO of Navori Labs, commented: “We are delighted to welcome the Carousel team to the Navori Labs Group. Carousel has built an exceptionally loyal customer base across a broad range of public and private organizations by making digital signage simple. The acquisition allows us to bring additional capabilities to all customers and strengthen Navori’s position in key vertical markets.”
JJ Parker, Founder and CEO of Tightrope Media Systems, added: “For nearly three decades, the Carousel team has built a product that schools, universities, public institutions and companies across the United States rely on every day. Navori Labs is the perfect home for Carousel’s next chapter: a global, software-focused group that shares our commitment to customers and partners and will continue to invest in the platform and the team.”
Matthias Ick, Founding Partner at Maguar Capital, stated: “Carousel is a great complement to Navori Labs and a further milestone in its global buy-and-build strategy.” Johannes Losbichler, Partner at Maguar Capital, added: “With its highly recurring revenue base and strong position across the US in highly attractive market segments,
Carousel is an ideal platform for the Group’s further global expansion as the world’s largest pure-play digital signage software provider.”
On Navori Labs’ side, the transaction was advised by PwC (Financial Due Diligence), valantic (Technical Due Diligence), Hogan Lovells Cadwalader and NKF (Legal) as well as KPMG (Tax and Structuring). Debt financing for the transaction has been provided by Kartesia.
About Navori Labs
Founded in 1998, Navori Labs is a Swiss innovator and global leader in digital signage software, computer vision and AI-driven marketing analytics. Supported by a team of highly qualified engineers, Navori Labs develops professional-grade software designed for scalable deployment, optimizing business communication across industries and delivering effective, impactful messaging to audiences worldwide.
About Carousel Digital Signage
Carousel Digital Signage is a Minneapolis-based provider of cloud-based digital signage CMS software. Founded in 1997, Carousel serves more than 1,100 customers across higher education, K-12, government and corporate communications, selling both directly and through a network of channel partners. Carousel stands out for its ease of use, decentralized content creation with central governance, integrated emergency messaging, distinguished customer support and broad hardware compatibility, including native Apple TV support.
About Maguar Capital
Headquartered in Munich, Germany, Maguar Capital focuses on investments in small and medium-sized B2B software companies primarily in the DACH region. The Maguar team has strong entrepreneurial and extensive management experience in the technology industry, with more than 40 years of experience as software CEOs and over 30 years in the private equity industry.
For more information, please contact:
Matthias Ick
Founding Partner, Maguar Capital
Email: info@maguar.com