Symphony Teleca
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| Private | |
| Industry | Telecom, Outsourcing |
| Founded | 2001 |
| Headquarters | Mountain View, United States |
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Area served
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Worldwide Asia, Europe, North America |
| Revenue | $2.5 Billion (2014) |
|
Number of employees
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Approx. 9000(as of April 2015) |
| Website | www |
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.
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 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. 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. In 2003, Symphony raised growth capital from TH Lee Putnam Ventures.
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