Symphony Technology Group, a private equity firm focused on companies in data, software and analytics, has purchased Momentive, the maker of SurveyMonkey, in an all-cash transaction that values Momentive at approximately $1.5 billion.

The company offers insights management services to connect users at more than 330,000 organizations worldwide with AI-powered technology and insights, to help see what’s next for their products, industries, customers, employees and the market. Momentive shareholders will receive $9.46 per share.

“This new chapter will enable Momentive to advance our long-term strategy and mission,” comments Zander Lurie, Momentive CEO. “STG’s 20 years of investment experience in software, analytics, and data companies will provide us with invaluable expertise as we scale our customer base and product suite.”

Qatalyst Partners is serving as financial advisor to Momentive in connection with the proposed transaction. Wilson Sonsini Goodrich & Rosati PC is serving as legal counsel to Momentive. Paul Hastings LLP is serving as legal counsel to STG. Silver Point acted as sole arranger and provided committed debt financing in support of the acquisition.