Symphony Launches Beta Platform Version
Aspiring chat service moves to second stage.
About seven months into its existence, Symphony's alpha version has built up a user base of greater than 50,000 financial industry professionals and handles more than two million messages per day, according to the platform's chief, David Gurle.
The venture, which was formed last year by Goldman Sachs and other major institutions to challenge Bloomberg's hold on the messaging space, is leveraging a pair of technologies — Perzo and Goldman's LiveCurrent messaging platforms — as well as former Markit Collaboration Services assets, which it bought in May of 2014 for $66 million.
"This marks an important milestone in our product roadmap with 80 percent of our core functionality now available, with the rest to follow shortly," Gurle said in a blog post.
Symphony also won the 2015 Best Newcomer award at the recent Sell-Side Technology Awards.
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