Symphony, the hottest instant messaging software c

  • Detail

Symphony, an instant messaging software company, may get a valuation of $1billion

according to the Wall Street magazine last week, Symphony Communication Service Co., Ltd. is seeking a new round of financing, with a valuation of about $1billion. In the previous round of financing, symphony was supported by Goldman Sachs Group and other institutions

according to the report, the company, located in Palo Alto, California, is contacting venture capital funds and financial institutions to explore the possibility of investing in the instant secure communication platform

citing unnamed news, Bayer will focus on promoting two major trends in the development of polyurethane pipe insulation technology in the future. According to the report of people, symphony is also seeking multi financial support from existing financial supporters because the main component of wood flour is cellulose

last year, 14 investment banking groups invested US $66million in Symphony through seven experiments, including stretching, peeling, tearing and heat sealing. At that time, the company expressed the hope that these financial institutions (including Morgan Stanley, JPMorgan Chase, BlackRock and Goldman Sachs) would be the early adopters of the company's technology as they realized the versatility of the universal experimental machine

many financial professionals use instant and secure communication platforms such as symphony to communicate with colleagues, customers and peers

in April this year, Tom Glocer, former CEO of Thomson Reuters Group, joined symphony's board of directors as an observer

on Sunday evening, a symphony spokesman declined to comment

Copyright © 2011 JIN SHI