M&A Deal Summary

Symmetric Capital Acquires gryphon.ai

On December 31, 2009, private equity firm Symmetric Capital acquired software company gryphon.ai

Acquisition Highlights
  • This is Symmetric Capital’s 2nd transaction in the Software sector.
  • This is Symmetric Capital’s 9th transaction in the United States.
  • This is Symmetric Capital’s 2nd transaction in Massachusetts.
Investment Fate
  • gryphon.ai was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2009-12-31
Target gryphon.ai
Sector Software
Buyer(s) Symmetric Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

gryphon.ai

Boston, Massachusetts, United States
gryphon.ai is a provider of sales performance management and compliance software. The Company offers an enterprise-grade computer telephony integration platform that automatically screens, collects, and analyzes phone-based sales activity data from any device to transform activity into accurate, actionable sales insight that drives improved sales performance for many of the country’s top consumer-facing companies. gryphon.ai was founded in 1998 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Symmetric Capital

Burlington, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 202M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Symmetric Capital is a private equity firm that invests in profitable growth companies in the US and Canada. Symmetric seeks to invest $5 to $25 million to help fund shareholder liquidity needs, growth, acquisitions, or debt reduction. Symmetric will consider majority or minority positions and typically looks for market-leading companies owned by their founders, a family, or small partnership. Sectors of interest include business services, healthcare and life sciences, software, IT services, applied technology, industrial products, education, logistics and distribution, and consumer products. Symmetric was formed in 2007 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 10 of 13
Sector: Software M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 9
State: Massachusetts M&A 2 of 2
Country: United States M&A 9 of 12
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-23 Fleet Complete

Toronto, Ontario, Canada

Fleet Complete is a provider of fleet, asset and mobile workforce management solutions and offers its software as a service to approximately 5,000 customers globally. Fleet Complete is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-24 Biomedical Structures

Warwick, Rhode Island, United States

Biomedical Structures LLC is a developer and manufacturer of biomedical textile implants, while MPC focuses on the development and manufacturing of precise polymer components.

Buy -