Private equity firm Symphony Technology Group (STG) has completed the purchase of Bond International Software.

In a statement revealing the acquisition, STG said it plans to invest in innovation, adding “significant” customer value in Bond’s AdaptUX recruitment software platform.

Founded in 2003, STG is a private equity firm with a history of building global companies operating in the software, analytics and services space that is present in the human capital management software and services space.

Tim Richards, managing director at Bond International Software UK, said the group’s priority was to find a backer that worked with Bond and supported the development of AdaptUX to benefit its customers.

“It was apparent very quickly that STG had a strong fit with our company, and we are already looking at how we can bring to bear its considerable financial muscle to improve our offering to the recruitment market...”

Meanwhile William Chisholm, MD and chief investment officer at STG, said adding Bond International Software to its HCM portfolio further strengthens its ability to deliver a highly differentiated offering to these companies’ customers.

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