Symphony Technology Raises $870m for STG IV

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 largest partner in STG IV.

PRESS RELEASE

Symphony Technology Group, a
strategic private equity firm with the mission of investing in and
building great software and technology enabled services companies,
today announced it closed a new investment fund, STG IV, at
approximately $870 million, which is the target level Symphony had set
for this fund and significantly larger than the STG III fund. The
strategy for this fund will be the same as for prior funds, with a
focus on the operational transformation of portfolio companies through
a combination of value enhancement for customers, talent building,
organic growth through innovation, and margin improvement.

Commenting on the fund closing, Dr. Romesh Wadhwani, Chairman and
Managing Partner of Symphony Technology Group said, “Our limited
partners are enthusiastic about our ongoing strategy of bringing
innovation and operational expertise to transform our portfolio
companies. STG continues to execute on its decade-long approach to
building high performance businesses.”

Since its inception in 2002, Symphony Technology Group has been
dedicated to investing in and partnering with software and technology
enabled services companies with the potential to become world class
global businesses. STG’s operational expertise, track record of
technology innovation and proven approach to increasing customer value
help its group companies transform domain expertise into global growth
and market advantage. STG’s current portfolio consists of fourteen
software and services companies in several large-scale industry
sectors, including: consumer packaged goods, retail, manufacturing,
financial services, mobile devices and telecommunications, energy and
pharmaceuticals.

Limited Partners in STG’s new fund consist of a mix of long-time
investors in previous funds and new investors. As in previous
Symphony funds, Dr. Romesh Wadhwani is the single largest partner in
STG IV.

About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm
with the mission of investing in and building great software and
services companies. In addition to capital, STG provides
transformation expertise to enable its companies to deliver maximum
value to their clients, to drive growth through innovation, to retain
and attract the best talent and to achieve best in class business
performance. STG’s current portfolio consists of 14 global companies.