Company Overview of Symphony Technology Group

Symphony Technology Group announced that it has expanded its Hong Kong presence and appointed Paul Taylor as Managing Director. Prior to this appointment, Taylor had worldwide responsibility for First Advantage's Computer Forensics unit.

First Advantage Litigation Consulting, LLC and Symphony Technology Group announced a new release of its proprietary document review technology, Global RPM. Version 5.0 of Global RPM integrates Nexidia for audio review and content analyst for technology-assisted review and also includes enhancements to its data analytics capabilities and user interface. With the launch of Global RPM 5.0, First Advantage has fully integrated Nexidia’s phonetic search indexing features into its review platform, delivering a consistent experience to reviewers regardless of the type of data involved. Dynamic and visually rich features have also been added to the analytics engine in Global RPM 5.0. Dashboards, timelines and enhanced statistics allow for deeper insights into the progress of reviews, resource requirements, and expected expenses. The new analytic features provide valuable information to litigation support and review teams so they can quickly assess productivity, highlight potential trouble spots and improve quality.

Symphony Technology Group closed a new investment fund, STG IV, at approximately $870 million, which is the target level Symphony had set for this fund and significantly larger than the STG III fund. The strategy for this fund will be the same as for prior funds, with a focus on the operational transformation of portfolio companies through a combination of value enhancement for customers, talent building, organic growth through innovation, and margin improvement. Limited Partners in STG's new fund consist of a mix of long-time investors in previous funds and new investors. As in previous Symphony funds, Dr. Romesh Wadhwani is the single largest partner in STG IV.