Winshuttle, a Bothell, Wash.-based startup that helps customers manage and automate their data in SAP environments, has been acquired by Symphony Technology Group, a Silicon Valley-based private equity firm.
Founded in 2003 out of a garage in Seattle, Winshuttle has more than 2,000 customers across 66 countries, including companies like Under Armour, Maersk, and Scientific Drilling. Its technology aims to improve data workflow related to SAP applications across various business lines, including finance, procurement and supply chain.
“This is an exciting step for Winshuttle that will allow us to leverage the tremendous expertise of STG to accelerate and scale our offering in the application data management space,” Winshuttle CEO John Pierson said in a statement. “This partnership will allow us to deepen and broaden the value we deliver to our very satisfied customer base comprised of many of the world’s largest brands.”
Terms of the deal were not disclosed. Winshuttle, which employs 87 people in Bothell and 300 worldwide, will continue operating under its existing brand. The company, which had raised $12 million, was co-founded by Vishal Chalana, Vikram Chalana and Rajat Oberoi.
Winshuttle is currently ranked No. 25 on the GeekWire 200 list of the Pacific Northwest’s top privately held technology companies, but with the acquisition it graduates from the index and will be removed in the next monthly update.
Symphony Technology Group has $2 billion in assets across data, software, and analytics companies. In a statement, Symphony Technology Group Managing Partner William Chisholm called Winshuttle “an established leader in the data management and robotic process automation industry.”