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Symphony acquires StreetLinx.
FREMONT, CA: Symphony, the leading market’s infrastructure and technology platform, will now deliver the financial services industry's most comprehensive and secure verified directory after acquiring counterparty mapping platform StreetLinx. This acquisition adds over 200 institutional counterparties to Symphony's existing client base of over 1000 institutions.
“As we accelerate from directory to identity solutions, Streetlinx brings Symphony a full spectrum of identity-verified investment professionals, including portfolio managers, traders, research analysts and sales teams that will enrich Symphony’s already established and active community of over half a million financial professionals. We are proud to continue to add value to our user community and the industry as a whole”, says Symphony CEO Brad Levy.
A safe, enhanced, and verified directory is critical in markets since it improves productivity and mitigates risk across the board. Already implemented integrations between the Symphony and StreetLinx platforms enable better directory information, entitlement-based connections, and content dissemination between trusted counterparties. The combined solution establishes standards and entitlements, allowing the professionals to engage easily with the appropriate counterparty, person, or platform.
StreetLinx CEO Gary Godshaw explains, “We founded StreetLinx to modernize the exchange of organizational data and drive better connectivity between counterparties. While we knew the pain points well, it was really our clients who have led and shaped the solution since day one. Joining Symphony is a perfect fit for StreetLinx’s clients and for us as a team. Our combined offering will expand the scope of applications and increase the breadth of use cases for our users from front to back office. We are thrilled to be joining such a strong brand and culture. This deal simply formalizes what has felt like a partnership from the start.”
Previously, Levy stated that Symphony would acquire, partner with, or acquire strategic assets for the company and industry. In June, Symphony acquired Cloud 9 Technologies, a trader's voice, and electronic communication provider, positioning the company to become the market leader in front office communications through new services and solutions that combine trader voice with natural language processing (NLP) automation. Additionally, in July, the company stated that it had selected Google Cloud as its primary cloud provider and will be transferring its platform over the next year.