Add-on Acquisition • Software

SymphonyAI Acquires Savigent Software

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

Acquisition Context

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.

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M&A Deal Summary
Date	March 9, 2021
Target	Savigent Software
Sector	Software
Buyer(s)	SymphonyAI
Deal Type	Add-on Acquisition
Advisor(s)	Hennepin Partners (Financial) Stinson (Legal)

Target Company

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 Overview 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 Context for Buyer	#
Overall	4 of 6
Sector: Software	1 of 1
Type: Add-on Acquisition	3 of 3
State: Minnesota	1 of 1
Country: United States	4 of 5
Year: 2021	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	-

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	-

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

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