Tuesday, July 16, 2024

Symphony Taps Google Cloud as Cloud Provider

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SUNNYVALE, Calif. and NEW YORK — The collaboration software maker Symphony has selected Google Cloud as its primary cloud provider.

Under the “multi-year deal,” Symphony will migrate its collaboration platform, which serves over 1,000 financial services firms, onto Google Cloud, according to Google last month.

The move will provide customers with a global cloud infrastructure that’s “reliable, secure, and scalable.”

Symphony, Google Cloud, and each financial firm will “work closely to ensure the success of each migration,” said Dietmar Fauser, chief information officer, Symphony. 

Symphony expects to start the migration of its collaboration platform and clients to Google Cloud in Q4 2021, with the goal to complete its migration in about one year. 

See more: Google Cloud Previewing Data Engine For Health Care

“Our client base operates in a highly regulated environment, and our choice of cloud provider is not a minor decision,” Symphony CEO Brad Levy said. 

“Our secure and compliant collaboration platform was key in getting financial institutions comfortable with the cloud.”

Levy said Symphony’s selection of Google Cloud “confirms our confidence in their architecture, the way they conduct their business, and the trust in the relationship we’ve established.”

“We’re proud to support Symphony in its cloud journey,” said Zac Maufe, managing director, Google Cloud, Financial Services. 

Maufe added that Google Cloud’s scale and machine learning (ML) and artificial intelligence (AI) capabilities will help Symphony provide “value” for financial services institutions. 

Symphony’s collaboration platform is built or integrated to standardize, automate, and innovate financial services workflows. It is powering over 2,000 community-built applications and bots.

The company, founded in 2014, has raised $510 million from institutional investors.

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