Transaction Overview
- Represented Savigent Software (“the Company”) on its sale to Symphony IndustrialAI, a portfolio company of SymphonyAI.
- Based in Bloomington, MN, Savigent is a leader in IIoT and digital workflow orchestration.
- Savigent provides next generation digital manufacturing software and professional services to Fortune 1000 manufacturers, allowing them to transform their factory operations. Customers realize tremendous value through Savigent’s ability to easily and quickly connect disparate systems and equipment within factories, provide the required visibility to enable improved decision-making, and drive costly variability and inefficiencies out of a vast array of manufacturing processes.
Key Observations
- Savigent’s connected factory and process optimization capabilities in combination with Symphony IndustrialAI solutions will help process and discrete manufacturing customers significantly improve process efficiency, yields, quality, and energy consumption.
Drivers of Interest
- Digital manufacturing software leader.
- Patented and proven product.
- Impressive roster of large, demanding customers.
- Attractive markets with significant value creation opportunity.
- Impressive financial profile.