Startups

Silicon Valley firm makes majority investment in CadmiumCD

The Forest Hill-based event tech company plans to grow following the investment from Symphony Technology Group.

Conference attendees. (Photo by Pixabay user 정훈 김, used via a Creative Commons license)

Harford County event tech company CadmiumCD has new majority ownership after Palo Alto, California-based private equity firm Symphony Technology Group (STG) made a majority investment in the company. Financial details were not disclosed.

Founded in 2000 by wife-and-husband team Michelle Wyatt and Peter Wyatt, CadmiumCD makes software used for events put on by associations and businesses, such as annual meetings, conferences and trade shows. It’s designed for content management and sharing data. The company is a four-time Inc. 5000 honoree, most recently posting 107% growth.

“During our initial conversations, we realized that STG shared our vision for CadmiumCD,” Michelle Wyatt said in a statement. “They spent time interviewing our clients, understanding our business philosophy, and discussing how we might grow our offerings to help clients achieve greater success. We believe that STG’s investment strategy, which puts people and product innovation first, is a perfect fit for our company.”

It’s the first time the company has taken outside funding. With the investment, Michelle and Peter Wyatt will remain in the CEO and COO roles, respectively. The Forest Hill-based company employs more than 70 people, and will remain headquartered there.

STG Managing Partner William Chisolm said the company is “positioned for expansion in a large and underpenetrated market.”

That will include building out the technology’s capabilities further. It will also mean hiring, as the company is looking to expand by about 20 people over the next year.

Companies: Cadmium
34% to our goal! $25,000

Before you go...

To keep our site paywall-free, we’re launching a campaign to raise $25,000 by the end of the year. We believe information about entrepreneurs and tech should be accessible to everyone and your support helps make that happen, because journalism costs money.

Can we count on you? Your contribution to the Technical.ly Journalism Fund is tax-deductible.

Donate Today
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The looming TikTok ban doesn’t strike financial fear into the hearts of creators — it’s community they’re worried about

Protests highlight Maryland’s ties to Israeli tech and defense systems

These fulltime VR creators show Horizon Worlds isn't just for kids

Congress votes to reauthorize the EDA, marking a historic bipartisan effort to invest in innovation and job creation

Technically Media