Symfonia sp. z o. o.
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Symfonia sp. z o. o. - overview
Established
2008
Location
Warsaw, -, Poland
Primary Industry
Software
About
Founded in 2008 and based in Warsaw, Poland, Symfonia sp. z o. o. operates as a software company that provides accounting and cloud business management solutions for small and mid-sized enterprises (SMEs).
Since its inception, the company transitioned from a licensing model to a subscription-based model. In March 2021, Sage was divested from The Sage Group plc and was acquired by Mid Europa Partners. In June 2023, Accel-KKR acquired Symfonia sp. z o.
o. from Mid Europa Partners. The company provides financial cloud storage, accounting technology services, processing, and trade solutions for small to medium business enterprises, including HR payroll, business management, and financing industries. Mid Europa Partners' acquisition will support the company's execution of future strategic initiatives, new product development, and the expansion of its cloud offering.
Current Investors
MidEuropa
Primary Industry
Software
Sub Industries
Web Development, HR & Workforce Software, Accounting/Finance Software
Website
www.symfonia.pl
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
Symfonia sp. z o. o. - timeline of key events
Symfonia sp. z o. o. - financials
| Fiscal Year Ended | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 104,892,782.7 | 117,006,000 | 129,523,000 | - | - | - |
| % Revenue Growth (YoY) | - | 11.5% | 10.7% | - | - | - |
| EBITDA (USD) | 14,917,141.6 | 14,507,000 | 21,475,000 | - | - | - |
| Operating Income (USD) | 9,856,191.5 | 8,543,000 | 14,387,000 | - | - | - |
| Operating Margin | 9.4% | 7.3% | 11.1% | - | - | - |
| % EBITDA Margin | 14.2% | 12.4% | 16.6% | - | - | - |
| NET Income (USD) | 7,659,875.9 | 6,725,000 | 11,631,000 | - | - | - |
| % Net Margin | 7.3% | 5.7% | 9.0% | - | - | - |
Symfonia sp. z o. o. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | NextUp Management Solutions | - | ||||||||
| Add-on | Completed | inEwi sp. z o. o. | - | ||||||||
| Add-on | Completed | Softeh Plus SRL | - | ||||||||
| Secondary Buyout | Completed | Symfonia sp. z o. o. | - | ||||||||
| Add-on | Completed | HRtec Sp. z o.o. | - |
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Symfonia sp. z o. o. - employee data
Symfonia sp. z o. o. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman, Audit Committee & Member, Board of Directors | BM |
BM Board Member
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