Symphony Technology Group

Who owns Symphony Technology Group?
Symphony Technology Group is privately owned by its founders, partners, and limited partners in its investment funds. Romesh Wadhwani, the firm's founder, serves as Chairman. STG is not publicly traded and has no parent organization.

What companies does STG own?
STG's portfolio has included Wrike (collaborative work management), Trellix (enterprise cybersecurity, formed from McAfee Enterprise and FireEye), Skyhigh Security (security service edge), CAI Software, and other enterprise software companies.

When was Symphony Technology Group founded?
Symphony Technology Group was founded in 2002 by Romesh Wadhwani in Menlo Park, California.

What is STG's investment focus?
STG focuses on acquiring and building software, data, and analytics companies. The firm is known for its operational approach to private equity, providing hands-on management support to portfolio companies rather than focusing primarily on financial engineering.

Is Symphony Technology Group publicly traded?
No, Symphony Technology Group is a private equity firm and is not publicly traded. The firm raises capital through private investment funds from institutional investors and high-net-worth individuals.

Symphony Technology Group was founded in 2002 by Romesh Wadhwani, an Indian-American entrepreneur and business leader with a background in building technology companies. Wadhwani had previously co-founded iGate Corporation (formerly Mastech), an IT staffing and services company.

STG was established with a differentiated approach to private equity: rather than focusing primarily on financial engineering, the firm would provide operational expertise and hands-on management support to its portfolio companies, creating value by improving operational performance.

Throughout the 2000s and 2010s, STG built a portfolio of software and technology companies, developing expertise in enterprise software, data analytics, and technology services.

STG made several major acquisitions in the cybersecurity sector. In 2021, STG acquired McAfee Enterprise (the enterprise cybersecurity business of McAfee) from Intel for approximately $4 billion. STG subsequently merged McAfee Enterprise with FireEye (which it had also acquired) to create a new cybersecurity company called Trellix. STG also spun out McAfee Enterprise's security service edge business as a separate company called Skyhigh Security.

STG acquired Wrike, a collaborative work management platform, from Citrix Systems in 2023. Wrike had previously been acquired by Citrix in 2021 for approximately $2.25 billion.

In September 2021, STG Management Holdings, L.P. acquired greater than 75% of STG Partners, further consolidating ownership under the current management structure.

STG's acquisition of McAfee Enterprise and subsequent restructuring into Trellix and Skyhigh Security attracted attention in the cybersecurity industry, with some observers questioning whether the breakup of McAfee Enterprise's assets would affect product quality and customer service. The cybersecurity industry is subject to significant regulatory scrutiny given its national security implications.