Symphony Technology Group

Symphony Technology Group (STG) is an American private equity firm based in Menlo Park, California.[1] Its Managing Partner is Bill Chisholm, who cofounded the firm in 2002.

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

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

STG 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 Dodge Data & Analytics.[6]

On February 17, 2020, Dell Technologies sold its RSA Security business to a group led by STG in an all-cash transaction for $2.075 billion.[7]

In March 2021, STG acquired McAfee Enterprise for $4 billion.[8] On June 2, 2021, FireEye announced the sale of key software technologies to Symphony for $1.2 billion, while retaining the services business under the Mandiant name. FireEye bought Mandiant for around the same price.[9] On January 18, 2022, Symphony announced the launch of Trellix, an extended detection and response company, which is a combination of FireEye and the McAfee enterprise business.[10]

On January 5, 2022, EFI split off its software business, creating eProductivity Software, which was sold to STG.[11]

Divestments

References
  1. "Company website". Retrieved 2022-04-11.
  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. "Dell Sells RSA to Consortium Led by Symphony Technology Group". techcrunch.com. Retrieved February 15, 2022.
  8. "McAfee Enterprise and FireEye are now called Trellix". zdnet.com. Retrieved February 15, 2022.
  9. "FireEye Announces Sale of FireEye Products Business to Symphony Technology Group for $1.2 Billion". FireEye. 2021-06-02.
  10. "McAfee Enterprise and FireEye combo is now Trellix". itworldcanada.com. Retrieved February 15, 2022.
  11. 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,
  12. "Harman acquires Romesh Wadhwani group's Symphony Teleca for $780mn". Business Standard. January 24, 2015.
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