OverviewSuggest Edit
Symphony Communication Services (previously known as Perzo) is a company that offers a collaboration platform for market workflows integration. It provides features such as sales and client lifecycle management, software development tools integration, service management, incident management, communication channels centralization, voice trading engine, etc.
| Type | Private | |
| Founded | 2014 | |
| HQ | Sunnyvale, CA, US | Map |
| Website | symphony.com | |
| Employee Ratings | More | |
| Overall Culture | B | More |
Recent NewsAll News
- TKK Symphony Acquisition Corporation Announces Closing of $220 Million Initial Public Offering
- TKK Symphony Acquisition Corporation Announces Pricing of $220 Million Initial Public Offering
- Inside Symphony's battle to break into a $28 billion market for Wall Street chat — and avoid becoming Bloomberg roadkill
- 2018 Shanghai Isaac Stern International Violin Competition Launches
Key People/Management at Symphony
Brad Levy
Chief Executive Officer
Eran Barak
Chief Operating Officer
Ben Chrnelich
President, Chief Financial Officer
Dietmar Fauser
Chief Information Officer
Gary Godshaw
Chief Revenue Officer
Michael Lynch
Chief Product Officer
Symphony Office Locations
Symphony has offices in Sunnyvale, New York, Biot, Paris and in 5 other locations
Sunnyvale, CA, US (HQ)
640 W California Ave #200sunnyvale
New York, NY, US
565 5th Ave
Biot, FR
980 Avenue Roumanille
Paris, FR
29 Rue de Courcelles
Hong Kong, HK
Level 35, Two Pacific Place 88, Queensway, Admiralty
Tokyo, JP
3F, Otemachi Financial City Grand
Cube
1-9-2 Otemachi
Chiyoda-ku
Symphony Financials and Metrics
Summary Metrics
Founding Date | 2014 |
Symphony total Funding | $461 m |
Symphony latest funding size | $165 m |
Time since last funding | 3 years ago |
Symphony investors | Goldman Sachs, Lakestar, BlackRock, Google, Morgan Stanley, Maverick Capital, Bank of America, Wells Fargo & Company, Deutsche Bank, Citigroup, Credit Suisse, UBS, Bpifrance, Merus Capital, Societe Generale, HSBC, BNP Paribas, Merrill Lynch, Barclays PLC, Natixis, HSBC Bank, JP Morgan, Nomura, Jefferies, JPMorgan Investment, BNY Mellon, Citadel, Citibank, CLSA |
Symphony's latest funding round in June 2019 was reported to be $165 m. In total, Symphony has raised $461 m. Symphony's latest valuation is reported to be $1.4 b.
Symphony Revenue
Symphony's revenue was reported to be ₹8.97 b in FY, 2021
| INR | |
|---|---|
Revenue (Q3, 2022) | 2.1b |
Gross profit (Q3, 2022) | 980.0m |
Net income (Q3, 2022) | 210.0m |
EBITDA (Q3, 2022) | 370.0m |
EBIT (Q3, 2022) | 310.0m |
Market valuation | 1.4b |
EV | 1.4b |
Annual
| INR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Revenue | 8.0b | 8.4b | 11.0b | 9.0b |
Cost of goods sold | (3.9b) | (4.5b) | (5.8b) | (5.0b) |
Gross profit | 4.2b | 3.9b | 5.2b | 4.0b |
R&D expense | (36.9m) | (40.8m) | (41.4m) | (12.4m) |
Quarterly
| INR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.5b | 2.2b | 2.4b | 2.9b | 2.7b | 2.9b | 1.5b | 1.9b | 2.2b | 2.3b | 2.2b | 2.1b |
Cost of goods sold | (740.0m) | (1.1b) | (1.3b) | (1.6b) | (1.4b) | (1.5b) | (940.0m) | (1.1b) | (1.2b) | (1.3b) | (1.2b) | (1.1b) |
Gross profit | 780.0m | 1.2b | 1.2b | 1.5b | 1.4b | 1.5b | 680.0m | 920.0m | 1.1b | 1.1b | 1.1b | 980.0m |
Annual
| INR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Cash | 225.6m | 537.5m | 254.4m | 384.9m |
Accounts Receivable | 615.1m | 1.0b | 1.2b | 1.7b |
Prepaid Expenses | 557.1m | 544.4m | 559.2m | 351.0m |
Inventories | 795.7m | 1.2b | 1.2b | 1.2b |
Quarterly
| INR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 260.0m | 440.0m | 210.0m | 210.0m | ||||||||
Accounts Receivable | 610.0m | 570.0m | 530.0m | 550.0m | ||||||||
Inventories | 1.1b | 980.0m | 780.0m | 1.2b |
Annual
| INR | FY, 2018 | FY, 2019 | FY, 2020 | FY, 2021 |
|---|---|---|---|---|
Net Income | 1.9b | 915.5m | 1.8b | 1.1b |
Depreciation and Amortization | 68.1m | 98.6m | 211.5m | 214.2m |
Inventories | (22.4m) | 47.9m | 16.7m | (5.6m) |
Accounts Payable | 69.7m | (4.9m) | (117.6m) | 191.2m |
Quarterly
| INR | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 910.0m | 170.0m | 360.0m | |||||||||
Depreciation and Amortization | 100.0m | 120.0m | ||||||||||
Inventories | 400.0m | (10.0m) | ||||||||||
Accounts Payable | (340.0m) | (430.0m) |
| INR | FY, 2018 |
|---|---|
EV/EBITDA | 0.5 x |
EV/EBIT | 0.5 x |
EV/CFO | 1 x |
Revenue/Employee | 33.4m |
Symphony Operating Metrics
Symphony's Users was reported to be 325 k in Y, 2016.
| Y, 2016 | May, 2017 | |
|---|---|---|
Paying Customers | 200 k | |
Users | 325 k |
Symphony Cybersecurity Score
Symphony Online and Social Media Presence
4.83k Twitter followers
Symphony has 4.83k Twitter Followers. The number of followers has increased 0.9% month over month and increased 1.4% quarter over quarter
Symphony's Trends
Twitter Engagement Stats for @symphony
5.7k
Tweets
986
Following
4.8k
Followers
8
Tweets last 30 days
5.1
Avg. likes per Tweet
100%
Tweets with engagement
Symphony Company Culture
Overall Culture
B
74/100
CEO Rating
A+
80/100
Compensation
A
84/100
Diversity
A+
90/100
Symphony News and Updates
August 13, 2018
Inside Symphony's battle to break into a $28 billion market for Wall Street chat — and avoid becoming Bloomberg roadkill
Major Wall Street banks like Goldman Sachs and JPMorgan have invested almost $300 million in Symphony, a startup building encrypted, cloud-based communication tools. Google is also an investor.
The banks want to build a platform they can all communicate on to help them cut down on expensive Bloomb…
August 10, 2018
2018 Shanghai Isaac Stern International Violin Competition Launches
SHANGHAI, Aug. 10, 2018 /PRNewswire/ -- The success of the 2016 Shanghai Isaac Stern International Violin Competition, organized by Shanghai Symphony Orchestra, received worldwide coverage, and, for the first time, demonstrated that a Chinese music competition is just as sophisticated as...
July 30, 2018
Jubilant Life Sciences Ltd leads losers in 'A' group
Info Edge (India) Ltd, Symphony Ltd, Max Financial Services Ltd and Reliance Infrastructure Ltd are among the other losers in the BSE's 'A' group today, 30 July 2018.
July 25, 2018
Symphony consolidated net profit declines 48.72% in the June 2018 quarter
Sales decline 23.16% to Rs 146.00 crore
Symphony Blogs
February 14, 2020
[Webinar On-demand] Symphony Market Solutions – SPARC
[Webinar On-Demand] Symphony Market Solutions – SPARC [On Demand webinar] Watch our on-demand webinar with the SPARC team as they explain how buy-side firms are streamlining their pre-trade RFQ negotiation process with Symphony. SPARC is Symphony’s solution for standardizing, automating, and reducin…
February 14, 2020
[Webinar] Symphony Market Solutions – SPARC
In this webinar with the SPARC team they explained how buy-side firms are streamlining their pre-trade RFQ negotiation process with Symphony.
The post [Webinar] Symphony Market Solutions – SPARC appeared first on Symphony.
February 12, 2020
Speed, Performance, Extensibility: Welcome to Symphony 2.0
Members of the Symphony community who were in the audience at Innovate 2019 got the first look at our newest offering: Symphony 2.0. This new version of Symphony was designed to support the multitude of activities and tasks we’ve seen performed on our platform over the past four years, while also in…
February 06, 2020
[Webinar On-demand] Symphony for Operations
Add Your Heading Text Here [On Demand webinar] Watch our webinar with Chris Rodriguez, Global Head of Workflow, and Olivia Knocker, Regional Head of Client Strategy of EMEA, as they discussed how operations teams within sell-side and buy-side firms use Symphony to streamline operational processes in…
February 06, 2020
[Webinar] Symphony for Operations
In this webinar with Chris Rodriguez, Global Head of Workflow, and Olivia Knocker, Regional Head of Client Strategy of EMEA, they discussed how operations teams within sell-side and buy-side firms use Symphony to streamline operational processes including trade exception management.
The post [Webina…
January 23, 2020
Trader’s WhatsApp Blunder Illustrates Banks’ IT Dilemma: Agility vs. Compliance
In mid-January, a veteran trader at a major global bank made headlines after he was placed on leave for communicating with colleagues via group chat on WhatsApp. The app, which is owned by Facebook and has more than 1.5 billion active monthly users, encrypts messages–presenting a problem for banks t…
Symphony Frequently Asked Questions
When was Symphony founded?
Symphony was founded in 2014.
Who are Symphony key executives?
Symphony's key executives are Brad Levy, Eran Barak and Ben Chrnelich.
How many employees does Symphony have?
Symphony has 675 employees.
What is Symphony revenue?
Latest Symphony annual revenue is ₹9 b.
What is Symphony revenue per employee?
Latest Symphony revenue per employee is ₹13.3 m.
Who are Symphony competitors?
Competitors of Symphony include Google Workspace, Microsoft Teams and Slack.
Where is Symphony headquarters?
Symphony headquarters is located at 640 W California Ave #200sunnyvale, Sunnyvale.
Where are Symphony offices?
Symphony has offices in Sunnyvale, New York, Biot, Paris and in 5 other locations.
How many offices does Symphony have?
Symphony has 9 offices.
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