Jose Rivero Joins STG

Jose Rivero has joined Symphony Technology Group as a managing director and operating partner. He previously was with Accenture, as global managing director of the firm's Custom Business Process Outsourcing Services division.

 

PRESS RELEASE

Symphony Technology Group (STG), a strategic holding company and private equity investor in enterprise software and services businesses, today announced that Jose Rivero has joined the firm as a Managing Director and Operating Partner. At STG, Rivero will partner with the management teams of Symphony Technology Group portfolio companies worldwide to help them build great companies through business transformation.

 

Rivero joins STG from Accenture, where he was the Global Managing Director of the firm's Custom Business Process Outsourcing Services division. As Global Managing Director, Rivero managed all aspects of this business, which provides client-specific business process outsourcing solutions to government, financial services, high tech, communications and other markets worldwide.

 

“Bringing Jose on board extends our commitment to work with the leaders of our portfolio companies to help them take their business performance to the next level through operational transformation and by driving new value for clients through innovation,” said STG Chairman and CEO Romesh Wadhwani. “Since founding STG in 2002, we have taken a unique approach to private equity investing — we partner with our Group companies to identify areas where we can apply best practices in operations and technology innovation to accelerate both the revenue growth rate and profitability of their businesses. Jose has spent more than 20 years in the industry developing and executing the same kinds of solutions with growing companies worldwide. We welcome him to the team.”

 

“I'm eager to build upon the success and innovation that Romesh and the STG team have accomplished during the last six years,” said Jose Rivero. “I look forward to working with existing and new STG Group companies to increase operational excellence and deliver greater value to their customers.”

 

Before joining Accenture in 2005, Rivero spent eight years with Automatic Data Processing (ADP), where he held a number of positions. He most recently was the Senior Vice President of the Automotive Claims Services (ACS) Division, the North American business with 1,000 employees.

 

Prior to his stint with ADP, Rivero was a Senior Engagement Manager for McKinsey & Company, based in New York and New Jersey. During his six years with McKinsey, Rivero led multiple consulting projects in areas such as telecom, electronics, manufacturing, pharmaceuticals, etc. Rivero also worked internationally for Arthur D. Little and Allis Chalmers.

Rivero holds an M.B.A. from Harvard Business School, and a M.S. in Engineering and a B.S. in Mechanical Engineering from the Massachusetts Institute of Technology.

 

About Symphony Technology Group

Symphony Technology Group (STG) is a strategic holding company with the mission of being an investor and partner in helping to build great companies in software and services. STG currently has a portfolio of nine companies with combined revenue of $ 2.5 billion and 15,000 employees. STG Group portfolio companies include Information Resources, Inc., Symphony Services, Symphony Metreo, Symphony Marketing Solutions, Aldata, Capco, Teleca, Netik, and Lawson Software (in which STG is a minority investor). Through its new $900 million private equity fund, STG has a large amount of capital ready to invest in software and services businesses. STG is headquartered in Palo Alto, Calif. For more information visit http://www.symphonytg.com