Investment History
Symphony Services was founded in 2002 with initial funding from Romesh Wadwhani, Chairman and CEO of Symphony Technology Group. In 2003 Symphony Services raised growth capital from TH Lee Putnam Ventures.
Symphony Technology Group
Symphony Technology Group (STG) is a strategic holding company that helps companies maximize operational efficiencies in the enterprise software and services market. With years of deep operational experience to draw upon, STG companies can leverage strong personal networks, vast financial and operational resources and a history of excellence to empower their clients' success today and tomorrow. Headquartered in Palo Alto, Calif., STG is a $1.2 billion strategic holding company that employs more than 7,000 employees worldwide across its companies.
TH Lee Putnam Ventures
TH Lee Putnam Ventures is a technology-focused private equity firm affiliated with Thomas H. Lee Partners, a leading buyout firm, and Putnam Investments, a leading global money management firm. TH Lee Putnam Venture's primary focus is private transactions in later-stage venture companies whose success depends on the deployment and use of information technologies, as well as public entities, middle market buyouts, recapitalizations and spinouts of corporate divisions. TH Lee Putnam Ventures manages $1.1 billion in capital commitments.
Vital Stats
- Founded in 2002; achieved $100M revenue milestone in 2006
- 100+ clients
- 48% growth year-over-year
- Profitable
- More than 1000 product release during 2007
- 644 product releases during 2006
- Symphony productivity levels range 90-200% as compared to "most effective" client centers–onshore or offshore
- 3000+ professionals
- CMMi Level 4 process maturity rating
- 6 Sigma process proficiency
- ISO 27001 Certification for Information Security Management
- HQ: Palo Alto, CA
- Offices: Dallas, TX; London, UK; Nashville, TN; Waltham, MA
- Deliver centers in India (Bangalore, Mumbai, Pune), China (Beijing), U.S. (Westford, MA)
