Symphony Teleca

Symphony Teleca
Private
Industry Telecom, Outsourcing
Founded 2001
Headquarters Mountain View, United States
Area served
 Worldwide Asia, Europe, North America
Revenue $2.5 Billion (2014)
Number of employees
 Approx. 9000(as of April 2015)
Website www.symphonyteleca.com

Symphony Teleca was a privately held company now wholly owned by Harman International Industries as a part of Harman's Connected Services Division, which supplies software services to the mobile communications industry. As of 2013, the company has 9000+ employees in 35 countries with the largest number of employees in India spread across many locations - Bangalore, Pune, Gurgaon and Chennai.

On January 22, 2015, HARMAN International Industries, Incorporated (NYSE:HAR), the premier audio, visual, infotainment and enterprise automation group, announced that it has signed an agreement with Symphony Technology Group to acquire Symphony Teleca. The deal was valued at about $780 Million US dollars and was completed a few months later.

History

Teleca

Teleca was established in 1992 by a team of software specialists based in Manchester. Reference clients included Motorola, Racal, Digital, GEC, Hewlett-Packard, Psion and Siemens. Rapid expansion saw its customer base extend to cover mobile device vendors such as Nokia, Motorola and SonyEricsson.

Acquired in early 2000 and became the UK subsidiary of Sigma AB, a leading Swedish engineering services business with over 2500 professional staff across Europe.

In 2004 Teleca established a new office in Łodz, Poland and Seoul, South Korea and acquired Telma Soft, Russia in 2006. In 2008, Teleca opened up centers in India and China.

In 2008, Symphony Technology Group made a 100% buyout of Teleca and delisted it from the Stockholm stock exchange.

Symphony Services

Symphony Services Corporation was a software product engineering outsourcing services company headquartered in Palo Alto, California, with major global operations centers in the U.S., India and China.[1][2] The company was assessed as CMMI level 3.

Symphony Services was founded in 2002 with initial financial support from Romesh T. Wadhwani, Chairman, CEO and founder of Symphony Technology Group.[3] In 2003, Symphony raised growth capital from TH Lee Putnam Ventures.[4]

In 2004, Symphony Services purchased Stonehouse Technologies for $6.7 million.[5]

In 2010, Symphony acquired Proteans Software Solutions,[6] an Indian company engaged in providing software engineering services to the small and medium ISV space; followed by CoreObjects Software Inc,[7][8] a Los Angeles-based company specializes in embedded product development for technology companies.

In 2011, Symphony Services acquired JPC Software, an Argentina entity that offers IT solutions, consulting and support services based in Buenos Aires.[9]

Symphony Teleca

In 2012, Symphony Services Corporation merged with Teleca, creating Symphony Teleca Corporation with a focus to helping clients manage the global convergence of software, the cloud and mobility.

Industry presence

Symphony Teleca provides information technology services for the following areas:

Global locations

Geographies Offices
Europe Malmö (Sweden); Tampere, Oulu (Finland); Richmond, Reading (UK); Bochum, Nuremberg (Germany); Nizhny Novgorod (Russia); Łódź (Poland)
Americas Buenos Aires (Argentina)
United States Mountain View, San Diego, Farmington Hills, Nashville, Plano, Westford, Providence, Bellevue, Burlington
Asia Seoul (Korea); Beijing, Chengdu (China); Pune, Gurgaon, Mumbai, Chennai, Bangalore (India); Tokyo (Japan)

Certifications

References

  1. ↑ "Symphony Teleca Corporation: Private Company Information - Businessweek". Businessweek.com.
  2. ↑ Symphony Service Corp. | Company profile from Hoover's
  3. ↑ "Symphony Tech Group To Invest $50 M In India Arm". The Financial Express.
  4. ↑ Symphony Services Corp. (29 September 2003). "TH Lee Putnam Ventures invests US$20 million in Symphony Services".
  5. ↑ "Stonehouse Technologies to be sold to Symphony Services". Dallas Business Journal.
  6. ↑ "Symphony Services buys Proteans". The Hindu Business Line.
  7. ↑ "Symphony Services acquires CoreObjects".
  8. ↑ BS Reporter (9 September 2010). "Symphony Services acquires US firm".
  9. ↑ Symphony buys Argentina firm JPC Software | Business Line. Thehindubusinessline.com (2011-11-02). Retrieved on 2013-12-08.
  10. ↑ Case Study from WGSigma

Further reading

External links

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