Symbio Group

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Symbio Group - overview

Established

1994

Location

San Jose, CA, US

Primary Industry

Software

About

Symbio Group is a software service provider specializing in automotive solutions, focusing on co-creation and innovation to enhance client experiences across various industries. Symbio Group, founded in 1994, operates from San Jose, US, delivering high-quality software services and solutions. The company has successfully completed 2 deals, with its most recent acquisition by VXI Global Solutions on December 19, 2014. The founders include Andy Fung and Marek Celko, while the CEO is Jon Cleaver.


Symbio has maintained its core focus since inception without notable pivots or changes in strategy. Symbio specializes in delivering high-quality software services and automotive solutions, focusing on co-creation and innovation for its clients. The company's core offerings include embedded software development, quality assurance, and digital solutions tailored to various industries. Symbio's products are designed to address specific use cases, such as enhancing user experience in automotive infotainment systems and streamlining software processes for improved efficiency.


They serve a diverse client base, including notable companies such as PayPal, Sandvik, and Suunto, providing solutions that foster smarter decision-making and operational efficiencies. The geographical markets for Symbio's products extend beyond its headquarters in Finland, targeting customers in North America, Europe, and Asia, thereby ensuring a broad footprint in both established and emerging markets. Symbio generates revenue primarily through B2B transactions, offering subscription-based services and partnership models that cater to its extensive client network. The company engages in direct collaborations with clients, providing tailored software development and automotive solutions that include flagship offerings such as Android Automotive services.


This structure allows for predictable revenue streams, enabling clients to invest in ongoing service agreements that ensure continuous support and innovation. The pricing plans for Symbio's services reflect their value-driven approach, delineating costs associated with various project scopes and technology implementations. By embedding advanced technology solutions and providing quality assurance services, Symbio works to create a robust business model that meets its customers' evolving needs while driving innovation across sectors. Symbio Group is focusing on expanding its offerings with new products designed for the automotive sector, aiming for launches within the next two years.


The company plans to solidify its presence in North America and Asia by the end of 2025, leveraging its innovative technology solutions to cater to these markets. Following the acquisition by VXI Global Solutions, Symbio will utilize its strategic resources and partnerships to support these initiatives, enhancing its capabilities and operational efficiencies.


Current Investors

Bain Capital, VXI Global Solutions, LLC

Primary Industry

Software

Sub Industries

IT Security/Cybersecurity, Software

Website

www.symbio.com

Verticals

IoT (Internet of Things)

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Symbio Group - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSymbio Group-

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Symbio Group - employee data

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Symbio Group - key contacts

NamePositionStart DateEnd DateVcardBio 
CEO, Director, Board MemberBM
CEO, Director, Board MemberBM

BM Board Member

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