MUIP Announces Investment in Symphony, the Leading Team Collaboration Platform
TOKYO and PALO ALTO, Calif., June 13, 2019 — MUFG today announced that MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and wholly owned subsidiary of MUFG, has invested in Symphony Communication Services Holdings, LLC.
1.The objective of investment
The Symphony platform provides a full suite of enterprise collaboration features including, messaging, chatbots, audio/video conferencing, secure screen/file sharing, and integrations with third-party applications. Users can also leverage Symphony’s workflow capabilities, expected to contribute diverse productivity and operational efficiencies to MUFG group companies.
With this investment, MUFG and Symphony seek the type of future collaboration that would enable MUFG group companies to operate their internal and external business communications at a higher efficiency while enhancing convenience and information security.
MUIP’s primary focus is to pursue partnerships and business synergies between MUFG group companies and portfolio companies. It plans to continue seeking investment opportunities in the financial technology (fintech) sector.
Symphony provides a cloud-based, secure team collaboration platform that transforms the way users communicate effectively and securely with a single workflow application. Its secure platform is based on advanced end-to-end encryption technology that meets the high-level security standards sought by global financial institutions, and other industries. Symphony was originally created by a consortium comprised of 15 financial institutions. The Symphony platform is now used by over 400 companies in the world.
Symphony offers a secure team collaboration platform that transforms the way users communicate effectively and securely with a single workflow application. Forging a new path in the industry, Symphony is designed to help individuals, teams, and organizations of all sizes improve productivity while meeting complex data security and regulatory compliance needs. Symphony was founded in October 2014 and is headquartered in Palo Alto, CA, with offices in Hong Kong, London, New York, Paris, Singapore, Sophia-Antipolis, Stockholm and Tokyo. For more information, visit www.symphony.com.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with around 3,000 locations in more than 50 countries. The Group has over 180,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
Name：Symphony Communication Services Holdings, LLC
Date of Establishment：October ,2014
Headquarter：California, United States
Other offices：Hong Kong, London, New York, Paris, Singapore, Sophia Antipolis, Stockholm, Tokyo
Business Description： provides a cloud-based, secure team collaboration platform that transforms the way users communicate effectively and securely with a single workflow application.