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  6. SymphonyAI Acquires Savigent Software

M&A Deal Summary

SymphonyAI Acquires Savigent Software

On March 9, 2021, SymphonyAI acquired software company Savigent Software

Acquisition Highlights
  • This is SymphonyAI’s 1st transaction in the Software sector.
  • This is SymphonyAI’s 4th transaction in the United States.
  • This is SymphonyAI’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-03-09
Target Savigent Software
Sector Software
Buyer(s) SymphonyAI
Deal Type Add-on Acquisition
Advisor(s) Hennepin Partners (Financial)
Stinson (Legal)

Target

Savigent Software

Bloomington, Minnesota, United States
Savigent transforms manufacturing by enabling global manufacturers to excel in an increasingly competitive and unpredictable global marketplace. Its next-generation manufacturing operations solution is an IIoT and workflow orchestration platform that simplifies complex manufacturing by thinking and acting differently. Savigent was founded in 1994 and is based in Bloomington, Minnesota.

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Buyer(S) 1

Buyer

SymphonyAI

Palo Alto, California, United States
Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

SymphonyAI is a global enterprise AI SaaS company providing industry-specific AI applications for retail, financial services, manufacturing, media, and IT, helping businesses automate operations, gain insights, and accelerate growth. SymphonyAI was founded in 2017 and is based in Palo Alto, California.

DEAL STATS #
Overall 4 of 6
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-04 TeraRecon

Durham, North Carolina, United States

TeraRecon, Inc. is an independent, vendor neutral medical image viewing solution provider with a focus on advanced image processing innovation. TeraRecon’s solutions advance the accessibility, performance, clinical functionality and medical imaging workflow throughout many areas of the healthcare ecosystem. TeraRecon, Inc. was founded in 1997 and is based in Foster City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 NetReveal

Farnborough, United Kingdom

NetReveal provides financial crime, risk management, and fraud detection and prevention across banking, financial markets, and insurance via a single platform. The platform is adaptable to the evolving and heterogeneous nature of the financial services sector; to deliver power and flexibility in analytics, investigation, integration, security, and total cost of ownership reduction for customers. Advanced data analytics is at the core. Its analytics engines effectively detect anomalous behavior and are some of the most effective at positive/negative detection and false-positive reduction in the market.

Buy -
Mergr

Solution for

Product

Company

Legal