Movable Ink Announces Definitive Agreement to be Acquired by STG
Movable, Inc. (“Movable Ink”), the AI-powered personalized content platform, today announced it has signed a definitive agreement to be acquired by STG, a US-based private equity firm focused on software and software-enabled tech services companies. Since its founding, Movable Ink has redefined what’s possible in marketing, using the power of automation and AI to personalize…
Envestnet, Inc. Announces Definitive Agreement to Sell Yodlee, Inc. to STG
Envestnet, Inc. today announced it has entered into a definitive agreement to sell Yodlee, Inc., its open finance and data analytics subsidiary, to STG, a private equity firm focused on fueling innovative software, data, and analytics market leaders. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions….
Gresham and Alveo join forces to create a market leader in Enterprise Data Automation
Today, backed by its majority owner STG, Alveo, a leading provider of cloud-based market data management software, announces the completion of its merger with Gresham Technologies (“Gresham”). The combination creates a market leading provider for data automation and optimisation of mission-critical data, post-trade processes, and external reporting. Both companies specialise in data management software and…
STG Strengthens Quor’s CTRM Capabilities through Acquisition of Eka Software
STG, a US-based private equity firm focused on software and software-enabled tech services companies, announces the strategic acquisition of Eka Software Solutions (“Eka”), a global provider of commodity management solutions with a speciality in the soft ags and energies markets. For nearly two decades, Eka has been providing commodities trade and risk management (“CTRM”) and…
MediaValet Inc. Acquired by Affiliate of STG
Vancouver, BC – April 2nd, 2024 – MediaValet Inc. (TSX:MVP) (“MV” or the “Company”), a leading provider of enterprise digital asset management (DAM), video content management and creative operations software, pursuant to its news release dated January 24, 2024, is pleased to announce the completion of its plan of arrangement under the Business Corporations Act…
MediaValet Announces Definitive Agreement to Be Acquired by an Affiliate of STG in an All-Cash Transaction
All outstanding common shares of MediaValet to be acquired for $1.71 per share Represents a 30% premium to the closing share price MediaValet Inc. (TSX: MVP) (“MV” or the “Company”), a leading provider of enterprise digital asset management (DAM), video content management and creative operations software, is pleased to announce that it has entered into…
STG Completes Acquisition of Avid Technology
BURLINGTON, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) — Avid Technology, Inc. (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced the completion of its acquisition by an affiliate of STG in an all-cash transaction valued at approximately $1.4 billion. The acquisition was previously announced on August 9, 2023, and…
Wrike Announces Ownership and Leadership Transition
Wrike Positioned to lead the Work Management Category with Continued Momentum in Product and Market Reach Wrike, a leader in collaborative work management, today announced the completion of its recapitalization and ownership transition to Symphony Technology Group (STG), a private equity firm specializing in software, data and analytics. Under the terms of the deal, Vista Equity Partners and Elliott…
Consortium led by Symphony Technology Group Completes Acquisition of Momentive Global
Momentive, the maker of SurveyMonkey, today announced the completion of its acquisition by an investor consortium led by Symphony Technology Group (STG) in an all-cash transaction valued at approximately $1.5 billion. The acquisition was previously announced on March 13, 2023, and approved by Momentive shareholders at the Special Meeting of Shareholders on May 31, 2023….
STG Raises $4.2 Billion in Oversubscribed Fund VII
STG VII exceeded its $3 billion target and will look to capitalize on a highly attractive environment for software investing STG (the “Firm”), a leading private equity firm focused on investing in software and software-enabled technology services businesses, is pleased to announce the final closing of STG VII (“Fund VII”) with total capital commitments of…