{"id":385236,"date":"2020-11-19T09:39:40","date_gmt":"2020-11-19T14:39:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385236"},"modified":"2020-11-19T09:39:40","modified_gmt":"2020-11-19T14:39:40","slug":"symphony-technology-group-acquires-warpwire-leading-provider-of-educational-video-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/symphony-technology-group-acquires-warpwire-leading-provider-of-educational-video-services\/","title":{"rendered":"Symphony Technology Group Acquires Warpwire, Leading Provider of Educational Video Services"},"content":{"rendered":"

\nWarpwire marks STG\u2019s third investment into a unified platform following the acquisitions of CadmiumCD and EthosCE earlier this year.
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PALO ALTO, Calif., Nov. 19, 2020 (GLOBE NEWSWIRE) — Symphony Technology Group (\u201cSTG\u201d), a Palo Alto-based private equity firm focused on investing in the software, data analytics, and software-enabled technology services sectors, today announced that it has acquired Warpwire, a Durham, North Carolina-based educational video management company.<\/p>\n

\u201cWarpwire focuses on providing world-class reliability and security to our customers. Our partnership with STG will only increase our capabilities for robust video delivery,\u201d said Warpwire co-founder and CTO Monte Evans.<\/p>\n

This acquisition underscores STG\u2019s commitment to building a unique, market-leading software platform offering continuing education, professional development, events, learning and content management solutions to associations, healthcare & life sciences organizations, hospitals, and universities globally. Warpwire marks STG\u2019s third investment in this platform following the acquisitions of CadmiumCD<\/a> and EthosCE<\/a> earlier this year.<\/p>\n

\u201cThe acquisitions of EthosCE, CadmiumCD, and now Warpwire, are the continuation of STG\u2019s vision of a unified technology platform for professional education,\u201d said William Chisholm, co-founder and Managing Partner of STG.<\/p>\n

\u201cWe\u2019re impressed with STG\u2019s research in this product space, and vision to join and strengthen like-minded teams. As we align with EthosCE and CadmiumCD, Warpwire is energized to continue creating compelling media solutions for our shared client base,\u201d adds Warpwire co-founder and COO Andrew Synowiez.<\/p>\n

This acquisition is another step toward STG\u2019s vision to create a purpose-built software platform for association, healthcare, life sciences and university customers to help them manage various continuing education, professional development and learning activities through events and online content for their members.<\/p>\n

\u201cWe released an integration with Warpwire in March 2018,\u201d said EthosCE founder and CTO Ezra Wolfe. \u201cWe look forward to offering Warpwire\u2019s video services in new and unique ways as an additional value-add for clients who use video content as part of their continuing education programs.\u201d<\/p>\n

\u201cWe are very excited to bring Warpwire into our expanding portfolio of industry-leading products and scale it even further by investing in new solution areas and complementary acquisitions,\u201d said Rushi Kulkarni, Principal at STG.<\/p>\n

Benefits of the expanded platform include:<\/p>\n