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 leve ...

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

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

Dell Technologies Dell Technologies Inc. is an American multinational technology company headquartered in Round Rock, Texas. It was formed as a result of the September 2016 merger of Dell and EMC Corporation (which later became Dell EMC). Dell's products inc ...

sold its

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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 Mandiant is an American cybersecurity firm and a subsidiary of Google. It rose to prominence in February 2013 when it released a report directly implicating China in cyber espionage. In December 2013, Mandiant was acquired by FireEye for $1 bil ...

name. FireEye bought Mandiant for around the same price. On January 18, 2022, Symphony announced the launch of

Trellix Trellix (formerly FireEye and McAfee Enterprise) is a privately held cybersecurity company founded in 2022. It has been involved in the detection and prevention of major cyber attacks. It provides hardware, software, and services to investigat ...

, 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 (from the merger of Teleca and Symphony Services) was sold to

Harman International Industries Harman International Industries, commonly known as Harman (stylized in all-uppercase as HARMAN), is an American audio electronics company. Since 2017, the company has been an independent subsidiary of Samsung Electronics. Headquartered in Stam ...

in 2015.

References

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