Tuesday, 6 October 2015

Google invests in Bloomberg rival Symphony

Symphony's chat service allows financial firms, corporate customers and individuals to put all of their digital communications on one centralised platform

A Google Inc member of staff walks through the company headquarters in London, UK

Google is in talks with messaging start-up Symphony CommunicationServices for a round of fundraising, according to reports.
Symphony's chat service, which is seen as a rival to Bloomberg, allows financial firms, corporate customers and individuals to put all of their digital communications on one centralised platform.
The talks are ongoing and no terms are finalized yet.
The Wall Street Journal reported that Google invested in a new round of funding for Symphony that values the company at about $650m.
The service is backed by Goldman Sachs and other big Wall Street banks.
Goldman led a group of 14 banks including Bank of America, Citigroup and JP Morgan Chase in making a $66m investment in Symphony last October, when Symphony was set up. Symphony did not immediately respond to requests for comment.

No comments:

Post a Comment