Gresham and Alveo join forces to create a market leader in Enterprise Data Automation
Today, backed by its majority owner STG, Alveo, a leading provider of cloud-based market data management software, announces the completion of its merger with Gresham Technologies (鈥淕resham鈥). The combination creates a market leading provider for data automation and optimisation of mission-critical data, post-trade processes, and external reporting. Both companies specialise in data management software and…
STG Strengthens Quor鈥檚 CTRM Capabilities through Acquisition of Eka Software
STG, a US-based private equity firm focused on software and software-enabled tech services companies, announces the strategic acquisition of Eka Software Solutions (鈥淓ka鈥), a global provider of commodity management solutions with a speciality in the soft ags and energies markets. For nearly two decades, Eka has been providing commodities trade and risk management (鈥淐TRM鈥) and…
MediaValet Inc. Acquired by Affiliate of STG
MediaValet Inc. (TSX:MVP) (鈥淢V鈥 or the 鈥淐ompany鈥), a leading provider of enterprise digital asset management (DAM), video content management and creative operations software, pursuant to its news release dated January 24, 2024, is pleased to announce the completion of its plan of arrangement under the Business Corporations Act (Alberta) (the 鈥淎rrangement鈥). Pursuant to the terms…
MediaValet Announces Definitive Agreement to Be Acquired by an Affiliate of STG in an All-Cash Transaction
All outstanding common shares of MediaValet to be acquired for $1.71 per share Represents a 30% premium to the closing share price MediaValet Inc. (TSX: MVP) (“MV” or the “Company”), a leading provider of enterprise digital asset management (DAM), video content management and creative operations software, is pleased to announce that it has entered into…
STG Completes Acquisition of Avid Technology
BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) — Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion. The acquisition was previously announced on August 9, 2023, and…
Avid Technology Enters into Definitive Agreement to Be Acquired by an Affiliate of STG for $1.4 Billion
Stockholders to Receive $27.05 Per Share in Cash Transaction Represents 32.1% Premium to Avid鈥檚 Unaffected Share Price on May 23, 2023 Avid to Become a Privately Held Company Upon Completion of the Transaction Avid庐 (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that it has entered into a…
Wrike Announces Ownership and Leadership Transition
Wrike Positioned to lead the Work Management Category with Continued Momentum in Product and Market Reach聽 Wrike, a leader in collaborative work management, today announced the completion of its recapitalization and ownership transition to聽Symphony Technology Group (STG), a private equity firm specializing in software, data and analytics.聽 Under the terms of the deal,聽Vista Equity Partners聽and聽Elliott…
Consortium led by Symphony Technology Group Completes Acquisition of Momentive Global
Momentive, the maker of SurveyMonkey, today announced the completion of its acquisition by an investor consortium led by Symphony Technology Group (STG) in an all-cash transaction valued at approximately $1.5 billion. The acquisition was previously announced on March 13, 2023, and approved by Momentive shareholders at the Special Meeting of Shareholders on May 31, 2023….
STG Raises $4.2 Billion in Oversubscribed Fund VII
STG VII exceeded its $3 billion target and will look to capitalize on a highly attractive environment for software investing STG (the 鈥淔irm鈥), a leading private equity firm focused on investing in software and software-enabled technology services businesses, is pleased to announce the final closing of STG VII (鈥淔und VII鈥) with total capital commitments of…
Momentive Global Enters into Definitive Agreement to Be Acquired by Symphony Technology Group for $1.5 Billion
Momentive聽(Nasdaq: MNTV), the maker of聽SurveyMonkey, today announced it has entered into a definitive agreement to be acquired by a consortium led by Symphony Technology Group (STG) in an all-cash transaction that values Momentive at approximately $1.5 billion. Under the terms of the agreement, Momentive shareholders will receive $9.46 per share, representing a premium of approximately…