Symphony Communication

Symphony
Developer(s) Symphony
Development status Active
Written in Javascript and Java
Operating system
Type Communication software
License Freeware
Website www.symphony.com

Symphony is a secure, cloud-based, communication and content sharing platform.[1] The platform began as an internal messaging system built by Goldman Sachs called Live Current.[2] In October 2014, Goldman Sachs along with 14 other financial institutions created and invested $66M[3] in Symphony Communication Services LLC and acquired Perzo, Inc.,[4] a secure communication application that provided end to end encryption messaging.[5]

Perzo was founded by David Gurle in 2012 and David is currently the company’s CEO.[6] David Gurle has been referred to as the "enterprise messaging guy" since he has deep experience in the enterprise communication software space.[7] He has been pivotal in developing the communication offerings at Skype, Thomson Reuters, and Microsoft.[8]

Investors

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 [9]

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.[10]

References

  1. ↑ "Symphony: Transforming Wall Street Communication". http://www.goldmansachs.com/''. Retrieved 12 March 2015.
  2. ↑ Tracy Alloway. "Goldman’s Symphony of Babble". Financial Times. Retrieved 12 March 2015.
  3. ↑ Baer, Justin. "Goldman-Led Group of Firms Buys Perzo to Form Instant-Messaging Company". Wall Street Journal. Retrieved 12 March 2015.
  4. ↑ LaCapra, Lauren. "Goldman leads investment by Wall Street in new communications platform". Reuters. Retrieved 12 March 2015.
  5. ↑ Fulton, Kane. "Perzo: a military-grade messaging service that keeps the NSA at arms' length". Techradar. Retrieved 12 March 2015.
  6. ↑ Miller, Ron. "Wall Street-Backed Symphony Wants To Revolutionize Financial Services Communication". TechCrunch. Retrieved 12 March 2015.
  7. ↑ Baer, Justin. "Wall Street's Chat Plan Turns to Perzo Chief". http://www.wsj.com''. The Wall Street Journal. Retrieved 17 March 2015.
  8. ↑ Baer, Justin. "Wall Street's Chat Plan Turns to Perzo's Chief". The Wall Street Journal. The Wall Street Journal. Retrieved 17 March 2015.
  9. ↑ Spring, Tom. "Goldman Sachs-Backed Symphony Launches Secure Social Network". http://www.itbestofbreed.com''. The Channel Company. Retrieved 17 March 2015.
  10. ↑ Baer, Justin. "Bank-Backed Firm Buys Chat Service". WSJ. Retrieved 12 March 2015.

External links