Symphony and Markit form strategic alliance
Symphony and Markit are teaming up to promote adoption of a Collaboration Platform as a Service (CPaaS) for financial services. Markit will develop a range of hosted applications and data delivery services to enable Symphony users to customise data feeds, analytics, and other workflows. The global financial information provider also plans to integrate Symphony into its own platforms and products.

PALO ALTO, Calif.--(BUSINESS WIRE)--Symphony Communication Services, LLC, the secure collaboration and workflow technology company, and Markit (NASDAQ:MRKT), a leading provider of financial information services, announced a partnership today. The partnership aligns the two companies in promoting the adoption of a Collaboration Platform as a Service (CPaaS) to enable richer workflow and collaboration throughout the financial industry and other sectors.

As part of the agreement, Markit is developing hosted applications and data delivery services to be made available via the Symphony service. These applications will enable powerful customization of data feeds, analytics and other workflow.

“As the Symphony network expands, we believe it will become a critical part of the fabric of the financial industry and view it as highly complementary to the spectrum of services provided by Markit. The service offers us innovative ways to collaborate, distribute data and deploy technology apps, such as advanced charting,” said Brad Levy, Markit’s head of Processing and Loans and CEO of MarkitSERV. “We also plan to weave Symphony into our platforms and products to enable real-time collaboration among our customers. In addition, it's exciting for us to contribute open source code to the Symphony Foundation and develop new ways to access data and improve workflow in partnership with the industry."

“Markit is a leading and strategic partner as we work toward improving collaboration and streamlining workflows across the financial services ecosystem,” adds David Gurle, founder and CEO of Symphony. “Symphony enables a secure and compliant method of communications for financial services. Partnerships with specialists in information services like Markit allow Symphony to offer more complete workflow solutions to our customers.”

About Symphony

The secure, cloud-based communications platform that connects markets and individuals, Symphony promotes collaboration and increases workflow productivity while maintaining organizational compliance. Founded in October 2014 and headquartered in Palo Alto, CA, the company has offices in New York, Chicago, Boston, Hong Kong, Singapore and London. Symphony has raised $170 million from the world’s largest financial institutions and recognized investors, including: Bank of America, Merrill Lynch, BlackRock, BNY Mellon, Citadel, Citi, Credit Suisse, Deutsche Bank, Google Inc., Goldman Sachs, HSBC, J.P. Morgan, Jefferies, Lakestar, Maverick, Merus Capital, Morgan Stanley, Natixis, Nomura, Societe Generale, UBS and Wells Fargo.

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.