In 2014, Par Equity invested in Symphonic Trust, a spin-out from Edinburgh Napier University. Fast forward nearly 7 years, and Symphonic is a leader in dynamic authorisations for identify security and now, as of yesterday, part of the Ping Identity group. Another excellent exit for Par Equity, and another success story for Edinburgh’s tech ecosystem. We’re proud to have supported the business in every round of investment and played our part in this exciting journey. Enormous congratulations to Derick James and Niall Burns, and all the team at Symphonic, as well as Par Investor Director Richard Lewis.