Symphony is a secure, cloud-based, communication and content sharing platform.
The technology was first built as an internal messaging system by Goldman Sachs called Live Current. In October 2014, Goldman Sachs along with 14 other financial institutions created and invested $66M in Symphony Communication Services LLC and acquired Perzo, Inc., a secure communication application that provided end to end encryption messaging.
Perzo was founded by David Gurle in 2012 and David is currently the company's CEO. He was involved in developing the communication offerings at Skype, Thomson Reuters, and Microsoft.
On September 15, 2015, Symphony made a public release of its platform and announced partnerships with DowJones, McGraw Hill Financial, and Selerity. McGraw Hill Financial will integrate its financial information tool, S&P Capital IQ and Dow Jones will provide its entire live news feed of about 10,000 stories to the new platform. Selerity will deliver contextually relevant news, research and their proprietary breaking news notifications, directly into the Symphony platform.
Video Symphony Communication
Funding
The following 15 financial firms invested in Symphony in September 2014: Bank of America, BNY Mellon, BlackRock, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, JPMorgan, Maverick, Morgan Stanley, Nomura and Wells Fargo.
On October 12, 2015, Symphony announced it had raised $100 million in a new round of funding led by Google Inc. Other investors include Lakestar, Natixis , Societe Generale, UBS Group and venture capitalist Merus Capital.
In May, 2017, it raised $63 million in additional funding from France's BNP Paribas SA as well as its existing investors bringing the total valuation above $1 billion.
Maps Symphony Communication
Acquisitions
On November 28, 2014, Symphony Communication Services LLC acquired technology assets developed by Collaboration Services, the open messaging network from Markit Ltd. for an undisclosed amount.
License
The Symphony Software Foundation has announced it would use the Apache License 2.0 to provide the software as open-source. The contributions will be made available under the Foundation Github Repository.
References
External links
- Official website
Source of the article : Wikipedia
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