Symphony Technology Group Acquires Sciforma

Symphony Technology Group Acquires SAI360 from BPEA EQT

December 14, 2022

Cloud & SaaS

Symphony Technology Group (STG) has entered into and completed a definitive agreement to acquire SAI360, a Chicago‑headquartered cloud risk management and compliance SaaS provider, from BPEA EQT (BPEA Fund VI). The acquisition (terms not disclosed) is intended to accelerate SAI360's product innovation and growth while expanding STG's portfolio in software, data and analytics. The transaction was subject to customary regulatory approvals and closed in 2023 (expected/announced Q2 2023 in press releases).

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.

Symphony Technology Group Acquires Majority Stake in CAI Software

December 13, 2021

Software

Symphony Technology Group (STG) has made a majority investment in CAI Software, a Rhode Island–based provider of ERP, MES, WMS, EDI and production-oriented software for manufacturing and distribution. STG said the investment will accelerate CAI's product innovation and growth through organic investments and M&A while partnering with CAI's existing owners and management team.

Symphony Technology Group Acquires Alveo from Sovereign Capital Partners

January 18, 2023

Data & Analytics

Symphony Technology Group (STG) has agreed to acquire a majority stake in Alveo, a London-based provider of cloud-native financial data management and DaaS solutions, from Sovereign Capital Partners, with debt financing provided by Five Arrows. The transaction is intended to support Alveo's next phase of product innovation and growth across its global client base of financial institutions.

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 CommPartners

March 23, 2021

Cloud & SaaS

Symphony Technology Group (STG), a Palo Alto-based private equity firm, has acquired CommPartners, a Columbia, Maryland-based SaaS learning management system (LMS) and virtual events provider serving the association market. The deal is STG's fourth investment into its integrated learning and events platform (following CadmiumCD, EthosCE, and Warpwire) and will fold CommPartners into a new unified education and events platform to expand capabilities for continuing education, virtual/hybrid events and content management.