Symphony Technology Group has acquired Winshuttle Holdings LLC, a SAP-centric robotic process automation and data management platform provider. No financial terms were disclosed. Spurrier Capital Partners provided financial adviser to Winshuttle on the deal with Paul Hastings LLP providing legal advice to STG.
BOTHELL, WASH. (PRWEB) MAY 09, 2018
Winshuttle Holdings, LLC (Winshuttle), the leading SAP-centric robotic process automation and data management platform provider, announced today that it has been acquired by Symphony Technology Group (STG) based in Palo Alto, CA. STG is a strategic private equity firm with $2 billion in assets under management focused on transforming high-potential companies into definitive market leaders. The firm’s long-term outlook allows its portfolio of software, data, and analytics companies to develop innovative product offerings that will appeal to high-growth markets.
“This is an exciting step for Winshuttle that will allow us to leverage the tremendous expertise of STG to accelerate and scale our offering in the application data management space,” said John Pierson, CEO of Winshuttle. “This partnership will allow us to deepen and broaden the value we deliver to our very satisfied customer base comprised of many of the world’s largest brands.”
Winshuttle is a leading provider of data automation and data process management software for the enterprise, typically in SAP environments. The company offers software that improves data accuracy and maximizes the productivity of business users who interface directly with SAP (e.g., Finance, HR, Supply Chain, IT) by automating workflows and data movement. Winshuttle has a total global headcount of approximately 300 people with headquarters in Bothell, Washington, offices in North America, UK, France, Germany, and India, and remote employees around the world.
“Winshuttle is an established leader in the data management and robotic process automation industry with an excellent track record of providing innovative solutions that serve the needs of more than 1,800 of the world’s largest corporations,” said William Chisholm, STG Managing Partner. “We are thrilled to partner with John and the Winshuttle team to help accelerate the growth of the company’s next generation of application data management solutions. We look forward to embarking together on the journey ahead.”
Spurrier Capital Partners acted as financial advisor to Winshuttle and Paul Hastings LLP acted as legal advisor to STG for this transaction.
Winshuttle software empowers business teams to make an impact through solutions that make it quick and easy to exchange data with SAP using Excel, streamline SAP business processes using forms and workflows, and improve data quality using data stewardship capabilities.
Its business led, IT-enabled solutions enable users to automate processes and solve problems without compromising security or governance. Business teams can author solutions across lines of business and the SAP landscape, speeding product launches and financial accounting processes, streamlining customer and vendor onboarding, improving plant maintenance efficiency, and tackling data migration projects.
Learn more about Winshuttle’s SAP data management solutions by visiting http://www.winshuttle.com
About Symphony Technology Group
Symphony Technology Group (STG) is the private equity partner for market-leading data, software and analytics companies. The firm brings expertise, flexibility, and resources to build strategic value and unlock the potential of innovative companies. Partnering to build customer-centric, market winning portfolio companies, STG creates sustainable foundations for growth that bring value to all existing and future stakeholders. The firm is dedicated to transforming and building outstanding technology companies in partnership with world-class management teams. STG’s expansive portfolio has consisted of more than 30 global companies. For more information, please visit http://www.stgpartners.com.