STG completed the acquisition of a majority stake in Nomis Solutions.

Symphony Technology Group, an American private equity firm, completed the acquisition of a majority stake in Nomis Solutions, a provider of SaaS-based pricing and profitability management solutions for the global retail banking market. Financial terms were not disclosed. "As banks and lenders look to navigate the current recession and changing consumer behavior, investment in digital sales and service capabilities, customer-centric analytics, and improved profitability management will be critical to preserve and protect margins. Nomis will continue to be the partner to provide the most advanced pricing technology and expertise to our customers. With STG, we're teaming up with an investor whose focus on the intersection of software, data, and analytics presents the perfect partnership opportunity for Nomis," Frank Rohde, Nomis CEO.