Symphony Technology Group Acquires FireEye Products Business; McAfee Enterprise and FireEye Combine

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 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 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-led Consortium Acquires RSA from Dell Technologies

February 18, 2020

Cybersecurity

A consortium led by Symphony Technology Group (STG) with Ontario Teachers' Pension Plan and AlpInvest Partners has acquired RSA from Dell Technologies in an all-cash transaction valued at about $2.075 billion. The deal transfers RSA — a provider of integrated risk management, identity and access management, threat detection, and fraud prevention solutions — to the investors so it can operate as an independent company and accelerate product and SaaS-focused growth.

Symphony Technology Group Acquires eProductivity Software from Electronics for Imaging (EFI)

January 5, 2022

Software

An affiliate of private equity firm Symphony Technology Group (STG) has acquired eProductivity Software (EPS) from Electronics for Imaging (EFI), making EPS an independent, standalone global software company. EPS — a Pittsburgh-based provider of ERP and production software for the packaging and print industries with more than 4,000 customers — will receive STG backing to accelerate technology investments and pursue organic and inorganic growth.

Symphony Technology Group Makes Majority Investment in CAI Software

December 21, 2021

Software

Symphony Technology Group (STG) completed a majority investment recapitalization of CAI Software, LLC, a provider of ERP, MES and WMS software and related services. Main Street Capital Corporation exited its debt and equity investments as part of the recapitalization and realized a gain while receiving a minority equity stake in the acquirer.