Wall Street-Backed Symphony Wants To Revolutionize Financial Services Communication

TechCrunch

[tc_dropcap]Symphony, a company backed by some of the world’s elite financial institutions, was created last Fall with a mission to transform the way Wall Street shares and collaborates around content — and it has set its sights set on some of the world’s most established content and communications tools.[/tc_dropcap]

The company’s backers include a who’s who of Wall Street financial companies: Bank of America Merrill Lynch, BNY Mellon, BlackRock, Citadel, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Jefferies, JPMorgan, Maverick, Morgan Stanley, Nomura and Wells Fargo.

Last fall, these companies contributed $66M to finance Symphony, and using that money, purchased Perzo, a company that was building a secure communications platform. After the purchase, they named Perzo founder David Gurle as Symphony CEO.

Gurle, whose background comes right out of business software central casting with stints at Microsoft Lync, Skype and Thomson Reuters, would seem uniquely qualified to build such a product. Symphony’s backers…

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