Private Equity Firm Software

Symphony Technology Group

Menlo Park, California, United States

STG is a private equity firm focused on funding innovative software and software-enabled tech services leaders in the mid-market. In addition to capital, STG provides transformation expertise to help portfolio companies deliver more value to customers and improve business performance.

Focus Areas
Private equity for software and software-enabled tech services, Data, analytics, and AI-native software platforms (portfolio focus)
Website
stg.com

Tracked deals

50

50 tracked deals across 2019-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

23 buyout · 15 addon · 7 growth capital

Symphony Technology Group Acquisition Volume by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Symphony Technology Group. 2 2019 5 2020 11 2021 12 2022 8 2023 6 2024 4 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 50 tracked deals for Symphony Technology Group.

  • Buyer
    STG
    Target
    Carrier Logistics Inc. (CLI)
    Industry
    IT Services
    Type
    Buyout

    STG, a Menlo Park-based mid-market private equity firm, acquired Carrier Logistics Inc. (CLI), a provider of transportation management software for less-than-truckload (LTL) carriers. The deal is intended to accelerate development of an AI-native, agentic platform by integrating advanced agentic AI frameworks into CLI’s existing software architecture.

  • Buyer
    STG, Gresham
    Target
    Enterprise Data Management (EDM), thinkFolio
    Seller
    S&P Global
    Industry
    Data & Analytics

    S&P Global has completed the sale of its Enterprise Data Management (EDM) and thinkFolio businesses to STG, with the EDM business being acquired by Gresham (backed by STG). The carve-out expands Gresham's enterprise data management footprint in the financial services industry; financial terms were not disclosed and Barings served as agent on financing for the deal.

  • Buyer
    Five Arrows, STG Allegro (Symphony Technology Group)
    Target
    NetVendor, OffenderWatch
    Seller
    RF Investment Partners
    Industry
    Software
    Location
    United States
    Type
    Buyout

    RF Investment Partners has exited two vertical SaaS investments: NetVendor received a majority investment from Five Arrows (the alternative assets arm of Rothschild & Co), while OffenderWatch secured a significant investment from STG Allegro (part of Symphony Technology Group). The transactions position both businesses for product innovation, geographic expansion, and continued growth under new private equity ownership.

  • Buyer
    STG (Symphony Technology Group)
    Target
    Yodlee, Inc.
    Seller
    Envestnet, Inc.
    Industry
    Data & Analytics
    Type
    Buyout

    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.

  • Buyer
    STG
    Target
    Movable, Inc. (Movable Ink)
    Industry
    Cloud & SaaS
    Type
    Buyout

    Movable, Inc. (Movable Ink), an AI-powered personalized content platform, signed a definitive agreement to be acquired by STG, a US-based private equity firm focused on software and software-enabled tech services. The transaction is expected to close in July 2025, with Vivek Sharma remaining CEO.

  • Buyer
    CaseWorthy, Inc., STG (Symphony Technology Group)
    Target
    Eccovia, Inc.
    Industry
    Cloud & SaaS
    Type
    Addon

    CaseWorthy, a Salt Lake City-based social and human services case management platform backed by private equity firm STG, has acquired Eccovia, a software and services provider of case management and data analytics for health and human services. The deal creates one of the largest purpose-built case-management platform companies by combining complementary capabilities—expanding CaseWorthy's platform to support additional workflows such as homeless Continuum of Care and broader care coordination.

  • November 14, 2024
    Buyer
    STG Allegro (Symphony Technology Group)
    Target
    TaxCalc
    Industry
    Software
    Location
    Berkshire, United Kingdom

    TaxCalc, a UK provider of tax, accounts compliance and practice management software, has received a significant investment from the STG Allegro fund to support product development, customer success, and growth. The capital will be used to enhance TaxCalc's product offerings and accelerate innovation as the company scales its CloudConnect services for over 11,000 accounting firm customers.

  • September 25, 2024
    Buyer
    CAI Software, LLC, Symphony Technology Group (STG)
    Target
    Parsable, Inc.
    Industry
    Cloud & SaaS
    Type
    Addon

    CAI Software, LLC (a portfolio company of Symphony Technology Group) has acquired Parsable, Inc., a cloud-native Connected Worker platform used by tier‑1 manufacturers for production, maintenance, quality, safety and ESG. Parsable CEO Matt Belkin will remain CEO reporting to CAI CEO Brian Rigney; Lightspeed Venture Partners and other existing investors will remain significant investors and David Lincoln of Activate Capital will join the CAI board.

  • Buyer
    Confience, Symphony Technology Group (STG)
    Target
    Computing Solutions, Inc.
    Industry
    Software
    Type
    Addon

    Confience, a recently formed laboratory informatics platform backed by Symphony Technology Group (STG), has acquired Computing Solutions, Inc., the provider of the LabSoft LIMS product. The add-on strengthens Confience’s LIMS capabilities and expands its presence in chemical and food & beverage laboratory markets, with continued financial support from STG.

  • Buyer
    Symphony Technology Group (STG)
    Target
    Eka Software Solutions
    Industry
    Software
    Location
    Karnataka, India
    Type
    Addon

    Symphony Technology Group (STG) has acquired Bengaluru-based Eka Software Solutions, a provider of commodity trade and risk management (CTRM) and supply chain software, and will merge Eka into its existing portfolio company Quor Group. The transaction brings together Eka's vertical CTRM SaaS capabilities in soft commodities and energy with Quor's metals-focused CTRM platform to create a broader, global commodity management software suite.

  • Buyer
    CAI Software, LLC, Symphony Technology Group (STG), Broodstock Capital
    Target
    Maritech AS
    Industry
    Software
    Location
    Møre og Romsdal, Norway
    Type
    Buyout

    CAI Software, LLC, a portfolio company of Symphony Technology Group (STG), has acquired Maritech AS, a Norway-based cloud ERP provider for the seafood and logistics industries. The deal combines CAI's ERP, MES and WMS capabilities with Maritech's seafood-specific solutions to expand product capabilities and accelerate international growth; Broodstock will remain an investor in the combined company.

  • Buyer
    River Acquisition Corp. (affiliate of STG), Symphony Technology Group (STG)
    Target
    MediaValet Inc.
    Seller
    MediaValet shareholders, Shen Capital and its affiliates
    Industry
    Cloud & SaaS
    Location
    British Columbia, Canada
    Type
    Buyout

    An affiliate of Symphony Technology Group (STG), River Acquisition Corp., has completed a cash acquisition of MediaValet Inc. for CAD$1.71 per share, valuing the company at approximately CAD$80 million. The transaction provides immediate liquidity to MediaValet shareholders (including Shen Capital) and will take the cloud-native DAM provider private to support continued product innovation and growth under STG ownership.

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