SOURCE: Symphony Services

Symphony Services

March 28, 2011 09:33 ET

Symphony Services Wins Technology Innovation and Delivery Excellence Awards

Awards Underscore Symphony Services' Commitment and Investment in Innovation and Passion for Clients' Success

PALO ALTO, CA--(Marketwire - March 28, 2011) - Symphony Services today announced it has won two top awards from leading private equity firm, Symphony Technology Group (STG). The President's Award and the Platinum Award honor the Symphony Services team for its unparalleled success in driving revolutionary product outcomes for clients, while advancing the company's reputation for innovation with breakthrough technologies that bolster clients' competitive position in their respective markets.

Bestowed by STG and a network of ten worldwide software and services companies who together form the STG Innovation Council, the Innovation Awards recognize leadership across major areas of the outsourced software development process, including technology, process and business model innovation, as well as partner-enabled innovation. 

Symphony Services' SUMMIT Takes President's Award for Managing Enterprise IT
Symphony Services' breakthrough work in development of the SUMMIT (Symphony Unified Monitoring and Management of IT) solution secured the President's Award honors. SUMMIT enables software companies and enterprises to effectively manage their enterprise IT environments. The solution drives significant organizational efficiencies and best practices in the areas of IT governance, optimizing service levels, increasing productivity and supporting automation. The STG Innovation Council recognized SUMMIT as the one-stop approach to enterprise IT management that is crucial for today's organizations as they expand in size and needs. With SUMMIT's impressive market debut and proven model, Symphony Services predicts the solution will drive significant revenue in the coming years.

Symphony Services' Advanced Healthcare Solution Receives Platinum Award
By developing an advanced algorithm able to detect "human fall" for leading products in the Personal Emergency Response Systems (PERS) market, the Symphony Services team secured the Platinum Award honors. The algorithm is able to differentiate between the many injuries that may occur as a result of falls and other accidents, and prepare emergency first responders. This highly advanced solution advances Symphony Services' standing in the ultra competitive and fast growing healthcare IT solutions market and ultimately won over the STG Innovation Council judges. 

"Winning these awards sends the strongest signal to the market that at Symphony Services we are constantly pushing the boundaries of innovation on behalf of our global clients," said Sanjay Dhawan, Chief Executive Officer, Symphony Services. "We are extremely proud of this latest recognition of our cutting edge work and believe these types of solutions are a key element of clients' buying criteria today. We congratulate our dedicated employee base worldwide for their outstanding work."

About Symphony Services
Symphony Services is a leader in software product engineering services. The company's innovative Engineering Outcome Certainty™ engagement model offers a strict metrics-driven approach, ensuring complete alignment with clients' business objectives. This methodology is proven to help clients achieve a range of goals, from improving product line revenue to raising client satisfaction, increasing product innovations and reducing time-to-market.

The company's 3,500 employees globally support over 1,200 product releases annually, helping clients drive unparalleled innovation while bringing predictability to costs, schedules and quality of the outsourced engineering process. Symphony Services' capabilities across the full Product Development Lifecycle maximize the ROI for client engineering organizations while delivering market-leading products in Telecom, Healthcare, Energy, Automotive, Consumer Electronics, Financial Services and Internet Commerce. 

Symphony Services is headquartered in Palo Alto, Calif., with facilities in North America, India, Europe and China. For more information, please visit www.symphonysv.com.

About Symphony Technology Group
Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG's current portfolio consists of eight global companies. For more information, visit: www.symphonytg.com.  

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