STG Group

Symphony Technology Group (STG) is a private equity firm headquartered in Palo Alto, California, that focuses on investing in software, data analytics, and software-enabled technology companies. Founded in 2002 by Romesh Wadhwani, STG partners with management teams to drive digital transformation, innovation, and growth across various industries. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies through a combination of strategic and operational support.

STG's investment and operational services focus on the following key areas:

- Private Equity Investment: STG provides capital and strategic investment to software and technology companies, particularly focusing on mid-market companies in healthcare, industrial, and financial services sectors - Strategic Value Creation: The firm works closely with portfolio companies to implement strategic initiatives, optimize business processes, and drive operational improvements - Operational Support: STG offers hands-on operational expertise and support to portfolio companies, helping them scale their operations and accelerate growth through organic and inorganic means

STG has been actively expanding its portfolio through significant acquisitions across various technology sectors. In August 2023, the firm acquired Avid Technology for USD 1.4 billion. In March 2023, STG completed the acquisition of Momentive Global, the maker of SurveyMonkey, in a transaction valued at USD 1.5 billion. In January 2022, STG launched Trellix, a new business delivering extended detection and response (XDR) solutions, following the merger of McAfee Enterprise and FireEye. The firm's expansive portfolio has consisted of more than 50 global companies, demonstrating its commitment to building market-leading technology companies in partnership with management teams.