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Betting on Convergence
"Software is driving the connected experience and software services are core to our future. The acquisition of Symphony Teleca is a transformative step for HARMAN that gives us immediate scale in software services...."
Dinesh PaliwalChairman, President & CEO HARMAN International
"As part of HARMAN, we will be a market leader in delivering software services at the convergence of Connected Devices, Cloud and Analytics. We will accelerate our growth by investing in our talent base and service offerings"
Sanjay DhawanCEO Symphony Teleca
The Internet of Things (IoT) is ushering in a rapid convergence of experiences, content and commerce – and software and data, paired with intelligent devices is driving it forward.
As markets converge, there are more questions than answers, and a massive opportunity to disrupt with innovation.
The real opportunity is in connecting the building blocks like cloud, analytics, sensors and mobile to enable digital lifestyles and businesses.
We are bringing together the force multipliers of this change. And accelerating the rate of innovation.
Accelerate Innovation for a wider range of Industries and Markets
With the competitive advantage of established systems solutions,
and global expertise across analytics, mobile development and cloud, HARMAN will be able to offer a
comprehensive application services offering across the automotive, enterprise and consumer markets.
Creates a Unique Connected Experience and Engineering Services Provider
With the competitive advantage of established systems solutions, and global expertise across analytics, mobile development and cloud, HARMAN will be able to offer a comprehensive application services offering across the automotive, enterprise and consumer markets.
Drives Growth by Building Integrated Platforms
This acquisition will provide HARMAN with the opportunity to meet the growing demand for integrated technologies. Customers of both companies will be able to leverage a complete set of software defined services, around IoT gateway, predictive analytics, cloud enablement, and turnkey mobile development & commercialization.
Deepen Technology Partnerships with Google Android, Microsoft, Adobe and Intel
As one of the first Open Handset Alliance members and contributor to the core Google Android platform, Symphony Teleca has grown to the largest Android ecosystem scaling partners worldwide having delivered more than 800 commercial projects across different industries and device types. We are also a strategic Cloud partner of Microsoft and has helped over 100 customers move, scale & operationalize cloud platforms and infrastructure.
Strengthens Financial Profile with A Diversified Revenue Mix
The deal would enhance the company's growth profile with Symphony Teleca's calendar year 2014 revenues of approximately $370 million and adjusted EBITDA of approximately $60 million. The transaction is expected to be accretive to HARMAN’s adjusted earnings per share in the company’s fiscal year 2016, excluding purchase accounting charges, transition costs and other special items.
Together, We Will Enable and Enhance
The Connected Car, The Connected Enterprise and The Connected Lifestyle
Together, we are becoming a comprehensive systems solutions and engineering services company with a mission to enable, enhance and leverage the connected experiences that consumers and businesses want.
HARMAN customers will be able to leverage software defined services for the connected car, across infotainment applications, aftermarket services and telematics.
Symphony Teleca’s customers across enterprise and software brands will benefit from market leading capabilities on embedded engineering and connected platforms as well as from aggressive investments to scale expertise.