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.
TypePrivate
Founded2014
HQSunnyvale, CA, US
Websitesymphony.com
Employee Ratings3.5
Overall CultureB

Latest Updates

Employees (est.) (Apr 2022)694
Job Openings50
Revenue (FY, 2021)₹9 B(-18%)
Cybersecurity ratingCMore
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Key People/Management at Symphony

Brad Levy

Brad Levy

Chief Executive Officer
Eran Barak

Eran Barak

Chief Operating Officer
Ben Chrnelich

Ben Chrnelich

President, Chief Financial Officer
Dietmar Fauser

Dietmar Fauser

Chief Information Officer
Gary Godshaw

Gary Godshaw

Chief Revenue Officer
Michael Lynch

Michael Lynch

Chief Product Officer
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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
Show all (9)

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

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.
View all funding rounds

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
INRFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

8.0b8.4b11.0b9.0b

Cost of goods sold

(3.9b)(4.5b)(5.8b)(5.0b)

Gross profit

4.2b3.9b5.2b4.0b

R&D expense

(36.9m)(40.8m)(41.4m)(12.4m)
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

1.5b2.2b2.4b2.9b2.7b2.9b1.5b1.9b2.2b2.3b2.2b2.1b

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

780.0m1.2b1.2b1.5b1.4b1.5b680.0m920.0m1.1b1.1b1.1b980.0m
Annual
INRFY, 2018FY, 2019FY, 2020FY, 2021

Cash

225.6m537.5m254.4m384.9m

Accounts Receivable

615.1m1.0b1.2b1.7b

Prepaid Expenses

557.1m544.4m559.2m351.0m

Inventories

795.7m1.2b1.2b1.2b
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

260.0m440.0m210.0m210.0m

Accounts Receivable

610.0m570.0m530.0m550.0m

Inventories

1.1b980.0m780.0m1.2b
Annual
INRFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

1.9b915.5m1.8b1.1b

Depreciation and Amortization

68.1m98.6m211.5m214.2m

Inventories

(22.4m)47.9m16.7m(5.6m)

Accounts Payable

69.7m(4.9m)(117.6m)191.2m
Quarterly
INRQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Net Income

910.0m170.0m360.0m

Depreciation and Amortization

100.0m120.0m

Inventories

400.0m(10.0m)

Accounts Payable

(340.0m)(430.0m)
INRFY, 2018

EV/EBITDA

0.5 x

EV/EBIT

0.5 x

EV/CFO

1 x

Revenue/Employee

33.4m
Show all financial metrics

Symphony Operating Metrics

Symphony's Users was reported to be 325 k in Y, 2016.
Y, 2016May, 2017

Paying Customers

200 k

Users

325 k
Show all operating metrics

Symphony Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Symphony Online and Social Media Presence

Embed Graph

Symphony Company Culture

  • Overall Culture

    B

    74/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A

    84/100

  • Diversity

    A+

    90/100

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Symphony News and Updates

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…

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...

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.

Symphony consolidated net profit declines 48.72% in the June 2018 quarter

Sales decline 23.16% to Rs 146.00 crore
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Symphony Blogs

[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…

[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.

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…

[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…

[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…

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…
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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.