Sciforma sold to Symphony Technology Group (STG)

The Project and portfolio management software joins the leading Private Equity Firm Symphony Technology Group (STG)

Project and portfolio management (PPM) software provider Sciforma announced that the company has been acquired by Symphony Technology Group (“STG”), a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors.

“For 35 years, we have been building Sciforma into one of the industry’s leading companies, with robust solutions for a strong customer base,” said Yann Le Bihan, current co-CEO and founder of Sciforma. “With the acquisition by STG, Sciforma will have the financial backing to take the company to the next level.”

Co-CEO’s Yann Le Bihan and Jerome Anres are excited to announce that the new Sciforma management team will include seasoned technology veterans Doug Braun as CEO and Laurent De Kimpe as CFO. Yann and Jerome intend to transition operations to Doug and Laurent.

“STG’s philosophy is to create value at the intersection of data, software and analytics. The group understands that successful leaders in the digital economy expect to have PPM software that enables strategic priorities,” said new Sciforma CEO Doug Braun. “We are impressed with the Sciforma platform, and immediately recognized the potential synergies – particularly in terms of AI and automation – with STG expertise and related investments.”

The STG investment in the Sciforma platform will strengthen Sciforma’s flagship cloud offering. Leveraging Sciforma’s laser focus on best serving customer needs with the new financial backing will further accelerate innovation.