We are delighted to announce that Results International acted as the exclusive financial advisor to the shareholders of Symphony Ventures Limited (“Symphony”), on its sale to Sykes Enterprises, Incorporated (“SYKES”) a multichannel demand generation and customer engagement services provider, for a cash purchase price consideration of £52m, representing 2.0x 2019 projected revenues.
This transaction reinforces our expertise in delivering excellent outcomes for high-growth technology companies that are leading the way in next-generation, disruptive industries.
Founded in 2014 and headquartered in London, UK, Symphony is a global consulting, implementation and managed services firm specialising in Intelligent Automation (IA) and Robotics Process Automation (RPA) services. Approximately 200 people strong, Symphony has one of the largest independent global teams of Intelligent Automation experts. With a proven track record of success in automating thousands of front, middle and back-office processes at marquee brands. Symphony serves numerous industries globally, including financial services, healthcare, business services, manufacturing, consumer products, communications, media and entertainment.
With Symphony, SYKES will be positioned as an early mover and clear leader amongst its peers in its ability to support clients’ RPA and IA initiatives globally, enabling it to tap into an adjacent market estimated to be $8.1bn growing at roughly 30% CAGR.
David Poole, CEO Symphony Ventures:
“The team did a fabulous job of guiding us through the process. I truly don’t know how we would have managed the volume of work required if it hadn’t been for their incredible efforts and long hours at critical moments. By joining the SYKES family, Symphony will be able to realise the next chapter of its vision to orchestrate the world’s work and drive value for clients and employees.”