 | |
| Symphony Technology Group | |
| Company type | Private |
| Industry | Private equity |
| Founded | 2002 |
| Founder |
|
| Headquarters | Menlo Park, California, U.S. [1] |
Key people | William Chisholm (managing partner and CIO) |
| Website | stg |
STG Partners, LLC, doing business as Symphony Technology Group (STG), is an American private equity firm based in Menlo Park, California. [1] Its Managing Partner and Chief Investment Officer is William Chisholm who co-founded the firm with Bryan Taylor and Dr. Romesh Wadhwani in 2002.
STG acquired McGraw-Hill Construction from McGraw-Hill Financial for US$320 million on September 22, 2014. [2] The acquisition includes Engineering News-Record, Architectural Record, Dodge and Sweet's. [3] McGraw-Hill Construction has been renamed Dodge Data & Analytics. [4]
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. [5]
In March 2021, STG acquired McAfee Enterprise for $4 billion. [6] 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. [7] 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. [8] In January 2022, STG announced the McAfee Enterprise security service edge (SSE) business would operate as a separate company to be known as Skyhigh Security. The cloud security company is headquartered in San Jose, California, and led by CEO Gee Rittenhouse. [9]
On January 5, 2022, EFI split off its software business, creating eProductivity Software, which was sold to STG. [10]
In March 2023, a private equity consortium led by STG agreed to acquire Momentive Global Inc. formerly SurveyMonkey, an experience management company, based in San Mateo, California, in an all-cash deal valued at $1.5 billion, [11] [12] [13] and rebranded it back to SurveyMonkey.
On July 7, 2023, Wrike, a work management platform, announced it was being acquired by STG for an undisclosed amount. The transaction was completed later that month. [14]
On August 9, 2023, STG announced it was acquiring Avid (a Burlington, Mass.-based company that makes Sibelius, Pro Tools, Media Composer, and other products for the audio, video, and media industries) in a $1.4 billion deal. The deal was completed in November of that year. [15]
McAfee Corp., formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company headquartered in San Jose, California.
S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Engineering Solutions, S&P Global Sustainable1, and S&P Global Commodity Insights, CRISIL It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".
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Harman International Industries, Inc., commonly known as Harman, is an American audio electronics company. Since 2017, the company has been operating as an independent subsidiary of Samsung Electronics.
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The Engineering News-Record is an American weekly magazine that provides news, analysis, data and opinion for the construction industry worldwide. It is widely regarded as one of the construction industry's most authoritative publications and is considered by many to be the "bible" of the industry. It is owned by BNP Media.
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Romesh T. Wadhwani is an Indian-American billionaire, businessman and head of investment firm SAIGroup. He is the former chairman and CEO of Symphony Technology Group, a private equity firm for software, Internet and technology services companies. He established the Wadhwani Foundation for economic development in emerging economies, with an initial focus on India. Initiatives in India include the National Entrepreneurship Network.
Harman Connected Services, often abbreviated to HCS, is an American software company which is a subsidiary of Samsung Electronics through Harman International Industries. The Connected Services Division supplies software services to the mobile communications industry. Harman has a workforce of approximately 30,000 people across the Americas, Europe, and Asia.
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Mandiant, Inc. is an American cybersecurity firm and a subsidiary of Google. Mandiant received attention in February 2013 when it released a report directly implicating China in cyber espionage. In December 2013, Mandiant was acquired by FireEye for $1 billion, who eventually sold the FireEye product line, name, and its employees to Symphony Technology Group for $1.2 billion in June 2021.
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Dodge Data & Analytics, a data provider formerly known as McGraw-Hill Construction