Symphony Technology Group (STG) is an American

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including lev ...

based in

Menlo Park, California Menlo Park is a city at the eastern edge of San Mateo County within the San Francisco Bay Area of California in the United States. It is bordered by San Francisco Bay on the north and east; East Palo Alto, Palo Alto, and Stanford to the south ...

. Its Chairman and CEO is Dr. Romesh Wadhwani, who founded the firm in 2002.

Investments

The company has investments in the following companies:

Acquisitions

STG acquired McGraw-Hill Construction from McGraw-Hill Financial for US$320 million on September 22, 2014. The acquisition includes

Engineering News-Record ''Engineering News-Record'' (widely known as ''ENR'') 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 authorita ...

Architectural Record ''Architectural Record'' is a US-based monthly magazine dedicated to architecture and interior design. "The Record," as it is sometimes colloquially referred to, is widely-recognized as an important historical record of the unfolding debates in a ...

, Dodge and Sweet's. McGraw-Hill Construction has been renamed Dodge Data & Analytics. On February 17, 2020, Dell Technologies sold its

RSA Security RSA Security LLC, formerly RSA Security, Inc. and doing business as RSA, is an American computer and network security company with a focus on encryption and encryption standards. RSA was named after the initials of its co-founders, Ron Rive ...

business to a group led by STG in an all-cash transaction for $2.075 billion. In March 2021, STG acquired McAfee Enterprise for $4 billion. 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. 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. 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. On January 5, 2022, EFI split off its software business, creating eProductivity Software, which was sold to STG.

Divestments

Symphony Teleca Harman Connected Services, often abbreviated to HCS, is an American subsidiary of Samsung Electronics through Harman International Industries. The Connected Services Division supplies software services to the mobile communications industry. HCS ...

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

References

{{reflist, 30em Financial services companies established in 2002 Companies based in Menlo Park, California Private equity firms of the United States