HARMAN Completes Acquisition of Symphony Teleca
HARMAN International Industries, Incorporated (NYSE:HAR) today announced the successful completion of its acquisition of Symphony Teleca, a global software services company based in Mountain View, CA. Symphony Teleca is a provider of software engineering and integration services that helps businesses rapidly design and develop innovative products and technologies at the convergence of device, sensors, cloud and data. Its solutions yield information and entertainment devices and systems that are connected, integrated, personalized, adaptive and secure across all platforms, from the work and home to car and mobile.
“The rapid growth of IoT and convergence of cloud, mobility and analytics is driving enormous opportunities across all areas of life,” said Dinesh C. Paliwal, HARMAN Chairman, President and Chief Executive Officer. “With the addition of Symphony Teleca, HARMAN is gaining greater scale and depth in software and services to accelerate innovation and expand the markets we serve. Today marks a transformational day for our company as we form a fourth division – HARMAN Services – and welcome 8,000 new members to our team.”
HARMAN Services, led by former Symphony Teleca CEO Sanjay Dhawan, will incorporate Symphony Teleca’s business and focus on key verticals where both HARMAN and Symphony Teleca have a strong established presence, including automotive, mobile, telecom, media, consumer electronics, retail and healthcare. With more than 400 customers, including Google, Microsoft, Intel, Adobe, Jaguar Land Rover, Verizon, Comcast, Sirius XM and Tesco, Symphony Teleca has delivered more than 800 commercial Android products, from mobile phones and tablets to televisions and wearables, reflecting a reputation for successful innovation in fast-growing industries.