Add-on Acquisition • Internet Software and Services

Harman International Industries Acquires Symphony Teleca

On January 22, 2015, Harman International Industries acquired internet software and services company Symphony Teleca from STG for 780M USD

Acquisition Context
  • This is Harman International Industries’ 2nd transaction in the Internet Software and Services sector.
  • This is Harman International Industries’ 2nd largest (disclosed) transaction.
  • This is Harman International Industries’ 7th transaction in the United States.
  • This is Harman International Industries’ 3rd transaction in California.

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M&A Deal Summary

Date January 22, 2015
Target Symphony Teleca
Sector Internet Software and Services
Buyer(s) Harman International Industries
Sellers(s) STG
Deal Type Add-on Acquisition
Deal Value 780M USD

Target Company

Symphony Teleca

Mountain View, California, United States
Symphony Teleca Corp. is a software services company. Symphony Teleca provides software engineering and integration services that help businesses rapidly design and develop products and technologies at the convergence of device, sensors, cloud and data.
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Buyer Overview 1

Buyer

Harman International Industries

Stamford, Connecticut, United States

Category Company
Founded 1980
Sector Electronics
Employees24,197
Revenue 6.9B USD (2016)
DESCRIPTION
Entrance to a Harman retail store in New York City.
Entrance to a Harman retail store in New York City.

Harman International Industries, Inc. is a designer, manufacturer and marketer of audio and infotainment products for the automotive, consumer and professional markets. Its brands include Harman Kardon, JBL, Revel, Mark Levinson, Infinity, Lexicon, Soundcraft-Studer, AKG, Becker and QNX. Harman International Industries, Inc. was formed in 1980 and is based in Stamford, Connecticut.


Deal Context for Buyer #
Overall 14 of 24
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 14 of 20
State: California 3 of 4
Country: United States 7 of 10
Year: 2015 2 of 3
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 Red Bend Software

Waltham, Massachusetts, United States

Red Bend Software is a provider of software management technology for connected devices, and over-the-air (OTA) software and firmware upgrading services.

Buy $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-31 Bang & Olufsen - Automotive Audio Business

Struer, Denmark

Bang & Olufsen’s Automotive Audio Business is a provider of sound systems are available in a wide range of Audi, Aston Martin, BMW and Mercedes-Benz car models.

Buy -

Seller Profile 1

SELLER

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 12.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


Deal Context for Seller #
Overall 8 of 34
Sector: Internet Software and Services 1 of 2
Type: Add-on Acquisition 6 of 16
State: California 2 of 6
Country: United States 5 of 23
Year: 2015 1 of 5
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-22 Dodge

Boston, Massachusetts, United States

Dodge is a provider of analytics and software-based workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities and execute on those opportunities for enhanced business performance. Dodge is based in Boston, Massachusetts.

Buy $320M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-09 quCare Solutions B.V.

Nieuwegein, Netherlands

quCare Solutions B.V. is a provider of eHealth software to hospitals and mental healthcare institutions.

Sell -