Private equity firm Symphony Technology Group has combined its four recently acquired companies in the event-technology and online-learning space into one unified entity known as Cadmium. Referencing the meetings-management platform CadmiumCD, the event-tech acquisition most familiar to industry professionals, the combined company also integrates the health and medical-learning management solution EthosCE; educational-video service provider Warpwire; and learning-management system and virtual-event platform CommPartners.
Collectively, the combined company grew annual recurring revenue by more than 50 percent in 2020. The single organization will aim to meet the needs of clients that engage an audience in continuing education via events, online learning and video-enabled content.
To lead Cadmium, Symphony has tapped two software-industry veterans, Jim Obsitnik as CEO and Mike Dunn as CFO. Obsitnik, who came from the mortgage-industry platform Capsilon, has more than 25 years' experience creating and growing business-to-business software systems, including learning-management solutions. Under his leadership, Capsilon was acquired by Ellie Mae, a mortgage software company; Obsitnik's resume also includes roles with Netscape, Commerce One, Everdream/Dell and Taleo/Oracle.
Dunn adds 15 years of experience as a CFO, most recently with managed-service provider Contegix. He will oversee Cadmium's strategic growth and its available resources as the company further expands into the events and professional-education markets.
According to Obsitnik, the combination of the four companies "presents a significant opportunity to bring a unique vision and value proposition to the events and professional-education markets that no other SaaS provider is capable of."
The existing leaders from each business will remain a part of the leadership team going forward. CadmiumCD cofounder and former CEO Michelle Wyatt is now president of CadmiumCD/Warpwire, while cofounder Peter Wyatt is general manager of CadmiumCD. CommPartners founder and former CEO Rich Finstein has become president of CommPartners/EthosCE. Executives Ezra Wolfe, Monte Evans and John Valentine are now general managers of EthosCE, Warpwire and CommPartners, respectively.