Symphony Technology Group-Led Consortium Acquires Momentive (SurveyMonkey) for $1.5B

Symphony Technology Group (STG) Acquires Avid Technology

November 7, 2023

Software

An affiliate of Symphony Technology Group (STG) completed an all-cash acquisition of Avid Technology for approximately $1.4 billion, taking the media and entertainment software company private. Avid stockholders received $27.05 per share; Avid will remain headquartered in Burlington, Massachusetts, and STG said it will support accelerated innovation and growth.

Symphony Technology Group Acquires McAfee Enterprise Business

July 27, 2021

Cybersecurity

A consortium led by private equity firm Symphony Technology Group (STG) completed the acquisition of McAfee's Enterprise business in a transaction announced for $4.0 billion. The divestiture separates McAfee's enterprise security operations — which generated about $1.3 billion in FY2020 revenue and served the vast majority of Fortune 100 customers — allowing McAfee to focus on consumer security while STG invests to grow the standalone enterprise cybersecurity business.

Symphony Technology Group Completes Recapitalization of Wrike

July 7, 2023

Cloud & SaaS

Symphony Technology Group (STG) completed a recapitalization to acquire full ownership of Wrike from Vista Equity Partners and Elliott Investment Management. As part of the ownership transition, Wrike founder Andrew Filev transitions to Board Advisor and Chief Financial Officer Thomas Scott becomes Interim CEO as the company continues to scale its SaaS work management platform.

Symphony Technology Group Acquires Trace One from Hg

April 28, 2021

Cloud & SaaS

Symphony Technology Group (STG), a Palo Alto-based private equity firm, has acquired Trace One, a Paris-based SaaS platform for the retail and consumer packaged goods (CPG) industry, from Hg. The deal (terms undisclosed) positions STG to accelerate Trace One’s organic growth and explore strategic acquisitions to expand its product and geographic footprint in the Retail/CPG software market.

Symphony Technology Group Makes Majority Investment in Celtra

November 10, 2021

Cloud & SaaS

Symphony Technology Group (STG) has signed a definitive agreement to make a majority investment in Celtra Technologies, a creative automation SaaS provider. The investment will back Celtra’s growth plans — expanding its platform from media and adtech into brands and agencies — while partnering with Celtra’s founders and management.

STG Acquires Yodlee from Envestnet

September 2, 2025

Data & Analytics

STG (Symphony Technology Group) has completed the acquisition of Yodlee, Inc., the open finance data aggregation and analytics business, from Envestnet, Inc.; the deal was announced June 25 and closed on September 2, 2025. STG intends to operate Yodlee as an independent, growth-focused business to accelerate open finance innovation and product development, while Envestnet said the sale sharpens its focus on its core Adaptive WealthTech platform.