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First Advantage, which is backed by Symphony Technology Group, has closed its buy of LexisNexis Risk Solutions‘ employment and resident screening business.LexisNexis Risk Solutions is a division of Reed Elsevier. The transaction was announced in January. BofA Merrill Lynch acted as financial advisor to First Advantage. BofA Merrill Lynch and Tennenbaum Capital Partners provided financing.
Symphony Technology Group said Tuesday that it has acquired Source Healthcare Analytics from Wolters Kluwer. Financial terms weren’t announced. Symphony Technology will combine Source Healthcare with its existing portfolio company, ImpactRx, to form Symphony Health Solutions. PRESS RELEASE Symphony Technology Group (STG), a strategic private equity firm with the mission of investing in and building [...]
Symphony Technology Group, a software and technology-focused private equity firm has closed a new investment fund, STG IV, on target at approximately $870 million. Limited Partners in STG’s new fund consist of a mix of return investors and new investors. As in previous Symphony funds, chairman and managing partner Dr. Romesh Wadhwani is the single [...]
SIGMA3, a portfolio company of private equity firm Symphony Technology Group has acquired three companies: Colorado-based APEX Petroleum Engineering, APEXHiPoint and HiPoint Reservoir Imaging. Terms of the acquisitions were not disclosed. SIGMA3 is a technology provider for the oil and gas industry. PRESS RELEASE SIGMA3 Integrated Reservoir Solutions Corporation (SIGMA3), a Symphony Technology Group (STG) [...]
Two portfolio companies–Symphony Service Corp. and Teleca–of Symphony Technology Group are merging. The new company, Symphony Teleca Corp., will help clients develop, manage and support software for emerging cloud and enterprise mobility solutions. Morgan Keegan advised Symphony Services while Jefferies provided financial advice to Teleca. PRESS RELEASE Symphony Service Corp., a leader in global product [...]
Jack Freker was named CEO of First Advantage, which is backed by Symphony Technology Group. Freker succeeds interim CEO Andy Macdonald, who will become the CEO of an STG portfolio company focused on e-discovery and legal process outsourcing services. Macdonald will also be a director of First Advantage.
Sigma3, a new software technology and services company focused on the oil and gas industry, has been created out of the merger of FusionGeo Inc. and Prism Seismic Inc. Backed by Symphony Technology Group, the company provides software, training and services designed to advise oil and gas companies where and how to drill the most prolific wells. The company is based in San Antonio, Texas.
ImpactRx, the medical marketplace data analytics firm, is buying TargetRx. Terms of the deal were not publicized. ImpactRx President and CEO, Gregory Ellis, will lead the combined company. ImpactRx is backed by Symphony Technology Group.