Atlanta, GA – November 7, 2013 – CHILDS Advisory Partners (“CHILDS”) served as the exclusive financial advisor to Freeborders, Inc. (“Freeborders”), a portfolio company of FTV Capital and ICG, in its recent merger with Symbio. The combination will create one of the world’s largest software product development companies with 2,000 employees, over 100 clients and 15 delivery and R&D centers across the US, Europe and Asia Pacific. Symbio’s software R&D solutions and capabilities now extend to industries undergoing massing change such as financial services, media, travel, and e-commerce.
Symbio is leading the way through the change with its R&D-¬as-¬a-¬Service (RDaaS) concept which empowers companies grow through technology innovation. The ever‐increasing pace of technology changes around mobile, social, software-¬as‐a-¬service (SaaS), analytics, and smart products and services have increased software complexity.
“The merger of Symbio and Freeborders enables our clients to master innovation and capitalize on change to become market leaders,” said Jacob Hsu, CEO of Symbio. “Technology is both a driver of industry disruption and an enabler of new innovation, and we empower our clients to succeed by co-creating new software-¬driven products, services and businesses together. “
Jean Cholka, CEO of Freeborders, was very appreciative of the CHILDS deal team’s efforts, and commented “You guys were always available and responsive to our needs. Much appreciated!”
Jimmy Secretarski, Director of CHILDS Advisory Partners, commented “Because of our sector knowledge, we were able to find Freeborders the perfect partner in this transaction. The combined company will be a formidable force in the market.”
Freeborders merger with Symbio was effective November 5, 2013.
Symbio provides technology innovation and software R&D services to leading companies ranging from global multinationals such as IBM, Intel, and Microsoft, to cutting edge pioneers like Evernote, Square, and Xiaomi. We combine innovative expertise, an advanced global delivery network and specialized solutions to enable software product development of the highest quality, speed, cost, efficiency and innovation. Symbio's headquarters are in Silicon Valley with eight development centers in China, Finland, and Sweden. To learn more, visit www.symbio.com.
Founded in 1999, Freeborders provides global IT consulting, technology and outsourcing services. Freeborders’ solution accelerators help companies exploit the full potential of their IT investments. Headquartered in San Francisco, the company has offices in Denver, New York, London, Stockholm, Hong Kong, Kuala Lumpur, Guangzhou, Shenzhen, and Wu Xi. To learn more, visit www.freeborders.com.
About CHILDS Advisory Partners
CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.
For further information please contact:
P: (404) 751-3000
F: (404) 751-3001
CHILDS Advisory Partners
3438 Peachtree Road NE
Atlanta, Georgia 30326
“We are fortunate to have a strong team of smart, driven professionals who won’t settle for less than the best. It’s that drive that high-growth clients and private equity firms count on for results over the long-term.”
—Jim Childs, Founder
CHILDS Advisory Partners