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  6. Symphony Teleca Acquires Aditi Technologies

M&A Deal Summary

Symphony Teleca Acquires Aditi Technologies

On April 10, 2014, Symphony Teleca acquired technology hardware company Aditi Technologies for 74M USD

Acquisition Highlights
  • This is Symphony Teleca’s 1st transaction in the Technology Hardware sector.
  • This is Symphony Teleca’s largest (disclosed) transaction.
  • This is Symphony Teleca’s 3rd transaction in the United States.
  • This is Symphony Teleca’s 1st transaction in Washington.

M&A Deal Summary
Date 2014-04-10
Target Aditi Technologies
Sector Technology Hardware
Buyer(s) Symphony Teleca
Deal Type Add-on Acquisition
Deal Value 74M USD

Target

Aditi Technologies

Seattle, Washington, United States
Aditi will serve as a strategic growth lever for STC through its design and cloud expertise, complementing its engineering, mobile and analytics capabilities, STC said in a statement.

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Buyer(S) 1

Buyer

Symphony Teleca

Mountain View, California, United States
Category Company
Founded 2002
Sector Internet Software and Services
Employees8,000
Revenue 370M USD (2014)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 4
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Washington M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-08 Symphony Teleca - Telecommunications Expense Management Business

United States

Symphony Teleca - Telecommunications Expense Management Business provides global outsourced Telecom Expense and Mobility Management services and solutions.

Sell $41M
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