M&A Deal Summary

SymphonyAI Acquires TeraRecon

On March 4, 2020, SymphonyAI acquired medical products company TeraRecon

Acquisition Highlights
  • This is SymphonyAI’s 1st transaction in the Medical Products sector.
  • This is SymphonyAI’s 3rd transaction in the United States.
  • This is SymphonyAI’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-03-04
Target TeraRecon
Sector Medical Products
Buyer(s) SymphonyAI
Deal Type Add-on Acquisition
Advisor(s) Cantor Fitzgerald (Financial)

Target

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.

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Buyer(S) 1

Buyer

SymphonyAI

Los Altos, California, United States
Category Company
Sector Information Technology
DESCRIPTION

Symphony Innovation LLC is a provider of artificial intelligence-driven solutions across several markets, including the industrial, retail, consumer, healthcare, financial services, and media sectors.

DEAL STATS #
Overall 3 of 6
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (North Carolina) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 Azima DLI

Woburn, Massachusetts, United States

Azima, Inc. is a provider of machine condition monitoring, diagnostic and analytic solutions that maximize industrial productivity on a global scale. Azima was founded in 2003 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 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.

Buy -
Mergr

Product

Company

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