Symphony Technology Group

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Symphony Technology Group
TypePrivate company
HeadquartersPalo Alto, California, U.S.[1]
Websitewww.stgpartners.com

Symphony Technology Group is an American private equity firm based in Palo Alto, California.[1] Its Managing Partner is Bill Chisholm, who cofounded the firm in 2002.

Investments[]

The company has investments in the following companies:[2]

  • Connexity (formerly Shopzilla)
  • eProductivity Software (Split from EFI)
  • Erecruit (formerly Bond International Software / TempBuddy / Erecruit)[3]
  • Evidera
  • FireEye Products
  • Symphony Talent
  • Jobrapido
  • AFS Technologies
  • First Advantage
  • IBS
  • ImpactRX
  • IRI (formerly SymphonyIRI)
  • McAfee Enterprise
  • MSC Software
  • Dodge Data & Analytics
  • Poplicus
  • Sigma^3
  • Source Healthcare Analytics
  • SUMMIT Software Inc.
  • Symphony RetailAI, containing the business units Symphony EYC and Symphony GOLD (from the acquisition of Aldata and EYC)
  • Symphony Advanced Media
  • Winshuttle
  • RSA Security

Acquisitions[]

Symphony acquired McGraw-Hill Construction from McGraw-Hill Financial for US$320 million on September 22, 2014. [4] The acquisition includes Engineering News-Record, Architectural Record, Dodge and Sweet's.[5] McGraw-Hill Construction has been renamed .[6]

Dell Technologies nears deal to sell RSA Security business to private-equity firm STG in an all-cash transaction for $2.075 billion on February 17, 2020.

March 2021: McAfee announces the sale of enterprise business activities to Symphony Technology Group for $4 billion.

June 2, 2021: FireEye announces the sale of key software technologies to Symphony for $1.2 billion, while retaining services business under the Mandiant name. FireEye bought Mandiant for around the same price.[7]

October 8, 2021: McAfee Enterprise and FireEye today announced Symphony Technology Group (“STG”) has closed its sponsored acquisition of FireEye in an all-cash transaction totaling $1.2 billion. This transaction completes the combination of McAfee Enterprise with FireEye.[8] The merger of these two companies is rebranded as Trellix [9]

Jan 5, 2022: EFI splits off its software business, creating eProductivity Software and sold to STG.[10]


Divestments[]

  • Symphony Teleca (from the merger of Teleca and Symphony Services) was sold to Harman International Industries in 2015.

References[]

  1. ^ a b "Company Overview of Symphony Technology Group". Bloomberg Businessweek. Retrieved 2013-04-24.
  2. ^ "Portfolio". Symphony Technology Group. Retrieved 2021-06-03.
  3. ^ "Erecruit™, Bond International Software and TempBuddy Combine Under the Erecruit Name Bringing Together the Industry's Most Complete Global Staffing Solutions". Cision PR Newswire. 2018-01-16.
  4. ^ Staley, Eddie (September 22, 2014). "McGraw Hill Financial To Sell McGraw Hill Construction To Symphony Technology Group For $320M In Cash". Benzinga. Retrieved April 30, 2015.
  5. ^ McGraw Hill Sells ENR and Construction Group to Equity Investor
  6. ^ Maidenberg, Micah (December 14, 2014). "Best year since 2008 for construction industry". Crain's Chicago Business. Dodge Data & Analytics, a data provider formerly known as McGraw-Hill Construction
  7. ^ "FireEye Announces Sale of FireEye Products Business to Symphony Technology Group for $1.2 Billion". FireEye. 2021-06-02.
  8. ^ https://www.fireeye.com/company/press-releases/2021/combination-of-mcafee-enterprise-and-fireeye-complete.html
  9. ^ https://www.trellix.com/en-us/about/newsroom/news/news-detail-01192022a.html
  10. ^ https://www.prnewswire.com/in/news-releases/eproductivity-software-becomes-an-independent-company-after-being-acquired-by-symphony-technology-group-stg-from-electronics-for-imaging-efi--818728536.html,[bare URL]
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