|[May 16, 2017]
Symphony Raises $63M to Accelerate Both Global Expansion and Platform Innovation
Symphony Communication Services, LLC today announced it has raised $63
million in new capital to accelerate global adoption, propel platform
innovation and expand into new markets. BNP Paribas led the round, along
with additional investment by a majority of Symphony's existing
shareholders. Symphony previously raised a
total of $170 million from the world's leading financial firms, venture
capital firms, and Google (News - Alert).
Symphony enables businesses to provide best-of-breed collaboration
technology to their employees, while driving efficiency and ensuring
security and compliance. Enterprise customers can now centralize all
workflow in a single platform, using Symphony as a replacement for
traditional email and voice systems to securely communicate with
internal and external teams, share documents and content, and conduct
meetings with conferencing and screen-sharing. Symphony's success is a
direct result of its powerful platform, customizable user experience,
and open partner ecosystem which delivers a large and growing market of
applications and integrations.
User adoption has organically spread at the world's top companies as the
platform's hundeds of thousands of licensed paying users have validated
its benefits. Symphony customers are able streamline and automate
workflows through the use of integrated applications and bots,
dramatically improving the way professionals engage with colleagues,
clients and workflow applications. Symphony accelerates business, drives
productivity, and delivers a more engaging client experience.
"We are thrilled to have the support of our new and existing investors
as we accelerate global platform adoption," said David Gurlé, founder
and CEO of Symphony. "This financing is a recognition of the value our
customers have experienced as the Symphony community has grown. Our
customers' desire to make Symphony their central platform and replace
legacy tools is an endorsement of the efficiencies brought by an
integrated collaboration platform and streamlined workflow."
"Digital transformation is central to BNP Paribas Global Markets'
strategy, and collaboration with fintechs is a crucial part of that
process. Forming agile partnerships with exciting and innovative
companies like Symphony helps us deliver an exceptional service to
clients, and remain their partner of choice in a changing world," said
Olivier Osty, Executive Head of Global Markets, BNP Paribas.
Symphony will use the new capital to accelerate expansion, to drive
growth in both its current and new markets, and further build out its
feature stack to deliver a new wave of innovation to enterprises and
replace traditional collaboration tools.
Symphony is the cloud-based messaging and collaboration platform that
connects markets, organizations and individuals, securely. Powered by an
open and growing app ecosystem, and protected with customer-owned
encryption keys, Symphony's communication platform increases workflow
productivity while maintaining global regulatory compliance. Already the
platform of choice for the financial services industry, Symphony
eliminates inefficient workflows to boost productivity in
information-driven businesses. Founded in October 2014 and headquartered
in Palo Alto (News - Alert), CA, the company has offices in New York, Hong Kong,
Singapore and London.
To sign up for Symphony, find out more about the company and keep up on
the latest news, visit www.symphony.com
and follow @Symphony.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170516005957/en/
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