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STG Completes Acquisition of Avid Technology

BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) — Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion. The acquisition was previously announced on August 9, 2023, and…

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Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion

Stockholders to Receive $27.05 Per Share in Cash Transaction Represents 32.1% Premium to Avid’s Unaffected Share Price on May 23, 2023 Avid to Become a Privately Held Company Upon Completion of the Transaction Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that it has entered into a…

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Wrike Announces Ownership and Leadership Transition

Wrike Positioned to lead the Work Management Category with Continued Momentum in Product and Market Reach  Wrike, a leader in collaborative work management, today announced the completion of its recapitalization and ownership transition to Symphony Technology Group (STG), a private equity firm specializing in software, data and analytics.  Under the terms of the deal, Vista Equity Partners and Elliott…

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Consortium led by Symphony Technology Group Completes Acquisition of Momentive Global

Momentive, the maker of SurveyMonkey, today announced the completion of its acquisition by an investor consortium led by Symphony Technology Group (STG) in an all-cash transaction valued at approximately $1.5 billion. The acquisition was previously announced on March 13, 2023, and approved by Momentive shareholders at the Special Meeting of Shareholders on May 31, 2023….

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STG Raises $4.2 Billion in Oversubscribed Fund VII

STG VII exceeded its $3 billion target and will look to capitalize on a highly attractive environment for software investing STG (the “Firm”), a leading private equity firm focused on investing in software and software-enabled technology services businesses, is pleased to announce the final closing of STG VII (“Fund VII”) with total capital commitments of…

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Momentive Global Enters into Definitive Agreement to Be Acquired by Symphony Technology Group for $1.5 Billion

Momentive (Nasdaq: MNTV), the maker of SurveyMonkey, today announced it has entered into a definitive agreement to be acquired by a consortium led by Symphony Technology Group (STG) in an all-cash transaction that values Momentive at approximately $1.5 billion. Under the terms of the agreement, Momentive shareholders will receive $9.46 per share, representing a premium of approximately…

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Alveo Receives Majority Investment from Symphony Technology Group

Alveo is a market leader in financial data management with next generation DaaS and ESG Solutions London, UK and Menlo Park, CA – 18th January 2023 – Alveo, a leading cloud-based data management, analytics, and Data-as-a-Service provider for the financial services industry, has entered into a definitive agreement to receive a majority investment from Symphony…

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Symphony Technology Group Announces the Launch of Skyhigh Security

Symphony Technology Group (“STG”), a leading Menlo Park-based private equity firm focused on the software, data, and analytics sectors, today announced the launch of Skyhigh Security. The new portfolio company was created to satisfy the growing cloud security requirements for large and small organizations. Skyhigh Security’s unique approach extends security beyond data access to securing…

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STG raises over $860 million for inaugural STG Allegro Fund in a four-month fully virtual fundraise

STG Allegro exceeded its $500 million target and was heavily oversubscribed Menlo Park, CA – October 28, 2021 – STG Partners (“STG”, or the “Firm”), a leading private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors, is pleased to announce the final closing of STG Allegro (together with…

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Symphony Technology Group Announces Bryan Palma Appointment

Palma to lead the integration of McAfee Enterprise and FireEye Products with Ian Halifax as CFO  MENLO PARK, Calif. – September 30, 2021 – Symphony Technology Group (“STG”), a leading Menlo Park-based private equity firm focused on investing in the software, data, and analytics sectors, today announced that upon the closing of STG’s acquisition of…

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