Symphony Communication Signs Deal With Dow Jones
September 13 2015 - 10:10PM
Dow Jones News
Symphony Communication Services LLC, the instant-messaging
software company backed by several of Wall Street's biggest firms,
has signed a deal with Dow Jones & Co. to provide news content
on its service, people familiar with the matter said.
Stories from the Dow Jones Newswires and The Wall Street Journal
will appear on the new messaging platform, which is set to launch
this week, the people said. Dow Jones is a unit of News Corp.
Symphony has won backing on Wall Street because it has been
viewed as a potential lower cost alternative to a popular messaging
service on Bloomberg LP's terminals.
The company has also made its encryption technology a key
selling point for financial firms wary about sensitive data falling
into the wrong hands.
The Palo Alto, Calif., company has secured $66 million in
financing from 14 firms including Goldman Sachs Group Inc., Morgan
Stanley, J.P. Morgan Chase & Co. and BlackRock Inc.
Dow Jones is a member of the Symphony Foundation, a group of
companies that are using the startup's open-source software to
develop applications that can be used on the messaging system.
The Financial Times earlier reported that Dow Jones has signed a
content deal with Symphony.
Write to Lukas I. Alpert at lukas.alpert@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 13, 2015 22:55 ET (02:55 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
News (NASDAQ:NWSA)
Historical Stock Chart
From Apr 2024 to May 2024
News (NASDAQ:NWSA)
Historical Stock Chart
From May 2023 to May 2024