Bowstring Advises Freeborders in its Merger with Symbio
November 7, 2013 | Atlanta, GA
Bowstring Advisors 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 U.S., Europe and Asia Pacific. Symbio’s software R&D solutions and capabilities now extend to industries undergoing massive 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 to 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 has 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 Bowstring team’s efforts, and commented, “You guys were always available and responsive to our needs. Much appreciated!”
Jimmy Secretarski, Director of Bowstring Advisors, 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.
We're so appreciative of the Bowstring team’s efforts. You guys were always available and responsive to our needs. Much appreciated!