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 ....." />
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Symphony Technology Group Closes New Fund at $870 Million

Firm Continues to Build High Performing Software and Technology-Enabled Services Companies (March 27, 2012)

PALO ALTO, CA -- (Marketwire) -- 03/27/12 -- 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. For more information, visit: www.symphonytg.com

Media Contact:
Matthew Stotts
Tenor Communications
650.200.3163


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