Goldman and others invest in new tech firm Symphony

Chris Papadopoullos
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Symphony allows companies to bring their digital communications onto one platform
Goldman Sachs has announced it is part of consortium investing $66m (£41m) in new company Symphony Communication Services as it develops Symphony, a new communications platform.

The other 13 members of the consortium are some of the reputable names in finance including Black Rock, the world’s largest asset manager.

Symphony will allow companies and individuals to bring all of their digital communications onto one platform. It is also open source which means it can be altered by third parties to meet specific needs. David Gurle, a veteran in financial services and unified communication has been appointed chief executive officer of Symphony.

“Symphony responds to a pressing need across the industry for better methods of communication and collaboration,” said Darren Cohen of Goldman Sachs. “We are pleased by the support from many of the world’s most prominent financial firms, which speaks to the strong desire for a more open, secure, compliant and efficient communication platform.”

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