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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 private equity firm with the mission of investing in and being a partner in building great software and services companies. In addition to capital, STG provides transformation expertise to enable its portfolio companies to deliver more value to clients to retain and attract the best talent and to achieve best-in-class business performance. All STG portfolio companies are expected to grow through innovation. STG's current portfolio consists of nine global companies with combined revenue of $2.5 Billion and 15,000 employees spread evenly across North America, Europe and Asia.

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
  • Ranked #1 R&D; Services Company by Zinnov Management Consulting
  • Ranked #1 OPD Vendor in 2009 by Global Services magazine and named to Global Services 100 list for fourth consecutive year
  • Recognized as #1 Software Engineering Services Provider and Top 50 Best Managed Companies by ‘Black Book of Outsourcing’
  • 150+ clients
  • 39% growth year-over-years
Delivery Record
  • 1200 product releases annually
  • Symphony productivity equivalent to "most effective" client centres–onshore or offshore
Talent and Operations
  • 3,000+ professionals
  • CMMi Level 4 process maturity rating
  • 6 Sigma process proficiency
  • Certified Agile personnel
Worldwide Infrastructure
  • US Headquarters (Palo Alto, CA)
  • State-of-the-art physical and information technology security systems and an advanced communications infrastructure
    • ISO 27001 for information security
    • ISO 20000 ITIL certified
    • SAS70 hosting facilities
  • Delivery centers in India (Bangalore, Mumbai, Pune), China (Beijing, Shanghai) and the U.S. (Westford, MA)