Symphony Technology Group Announces Agreement to Sell Capco to FIS for $300M

Symphony Technology Group today announced its portfolio company, Capco, has signed a definitive agreement to be acquired by FIS

for approximately $300M. Capco is a provider of integrated consulting and technology services to the global financial services industry. As a result of STG's investment in various growth initiatives, Capco has grown by 150% over four years, including 80% organic growth in 2010 to more than $225M in revenue and record profitability. Capco expects to exit 2010 at a revenue run rate in excess of $250M. During this four year period Capco has created hundreds of new high-quality jobs in the US, Europe and India. The transaction is expected to close by December.