Symphony Services is a software product engineering outsourcing services company headquartered in Palo Alto, California

Palo Alto, California

Palo Alto is a California charter city located in the northwest corner of Santa Clara County, in the San Francisco Bay Area of California, United States. The city shares its borders with East Palo Alto, Mountain View, Los Altos, Los Altos Hills, Stanford, Portola Valley, and Menlo Park. It is...

, with major global operations centers in the U.S., India and China. The company is currently assessed as CMMI level 4.

History

Symphony Services was founded in 2002 with initial financial support from Romesh T. Wadhwani

Romesh Wadhwani

Romesh T. Wadhwani is the founder and chairman of Symphony Technology Group, a private equity firm investing in software and software services companies. As of April 27, 2010, the Symphony Technology Group’s portfolio companies include: Capco; SymphonyIRI Group , Inc.; MSC Software; Symphony...

, Chairman, CEO and founder of Symphony Technology Group of companies. In 2003, Symphony raised growth capital

Growth capital

Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...

 from TH Lee

Thomas H. Lee Partners

Thomas H. Lee Partners is a private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations....

 Putnam

Putnam Investments

Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston...

 Ventures.

Acquisitions

In 2004, Symphony Services purchased Stonehouse Technologies for $6.7 million. In 2010, Symphony acquired Proteans Software Solutions, a company engaged in providing software engineering services to the small and medium ISV

Independent software vendor

Independent software vendor is a business term for companies specializing in making or selling software, designed for mass marketing or for niche markets...

 space; followed by CoreObjects Software Inc, a company specializes in embedded product development

Embedded software

Embedded software is computer software that plays an integral role in the electronics it is supplied with.Embedded software's principal role is not Information technology , but rather the interaction with the physical world. It's written for machines that are not, first and foremost, computers...

for technology companies.

Further reading

• Misys Signs Global Development Agreement with Symphony Services
• The Hindu Business Line : Symphony Service, Aldata in pact

External links

• Symphony Technology Group
• Proteans Software Solutions
• CoreObjects Software Inc.
• Symphony SMS - Telecom Expense Management - TEMS.