Symphony Acquires Cloud9 Technologies
Financial market infrastructure provider, Symphony, has acquired cloud voice platform provider, Cloud9.
“Our combined capabilities will allow for more integrated and immediate conversational workflows, and front office users will be better served,” said Brad Levy, CEO of Symphony.
“Six years ago, Cloud9 set out to change how trader voice services were delivered to the modern trading desk. As messaging had already impacted the trading communications workflow, we felt the value of voice communications in fast and complex trading scenarios would be renewed by leveraging cloud delivery to create a community of users and provide them with the tools to communicate verbally….It is clear to us that the collective capabilities of our organizations will further drive value to the financial services community, enhancing and accelerating the delivery of secure cloud-based multi-modal communications.” said Gerald Starr, CEO of Cloud9 Technologies.
Financial details of this transaction have not been disclosed.