Digital signage company Symon acquired by Golden Gate Capital

Digital signage software provider Symon communications has announced that it is being acquired for an undisclosed sum by private equity fund Golden Gate Capital, who, according to their blurb, are:

"a San Francisco-based private equity investment firm with approximately $2.6 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments of up to $200m in situations where there is a demonstrable opportunity to significantly enhance a company's value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leverage buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing."

Symon acquired its digital signage technology from Target Vision a few years ago, but hasn't garnered any major wins, instead focusing largely on corporate communications. It will be interesting to see how a cash infusion and potentially new management will affect their performance in the near term.