Symphony Technology Group Completes MSC.Software Buy

Private equity firm Symphony Technology Group said Wednesday that it has completed its acquisition of Santa Ana-based MSC Software. The deal was worth approximately $390M, or $8.40 per share in cash. Symphony said that it has appointed Dominic Gallello as CEO of the firm, and Jim Johnson as CFO of the company. Gallello was most recently at Graphisoft, a Budapest-based architectural design software firm; Johnson was most recently CFO of VG Holdings.