Ipreo, a leading global provider of market intelligence and workflow solutions to financial services and corporate professionals, and Symphony Communication Services LLC, a secure communications and workflow technology company, announced a collaboration to integrate Symphony's secure communications service with Ipreo's suite of capital markets workflow applications.
This integration will enable participating clients to utilize direct messaging functionality before and during the Ipreo deal process, as part of their natural workflow, right from the applications already being used. Ipreo's suite of capital markets applications include Ipreo's capital-markets CRM applications powered by its industry-leading Bigdough institutional database, and its suite of end-to-end bookbuilding applications for all asset classes and security types. Secure integrated messaging is a natural complement to these solutions.
"Ipreo's entire business is built around providing efficient solutions that benefit our clients and facilitate the controlled flow of mission-critical information related to capital formation, in a way that fits their natural day-to-day workflow," said Bill Sherman, EVP and Managing Director of the Global Markets Group at Ipreo. "After speaking with a number of mutual clients, it's clear that this integration will allow for a true evolution in the way market participants can interact around deals, by combining the functionality they rely on – messaging, deal documents, IOI and order submission, allocations, etc. – all in one centralized secure place."
"Symphony's secure, compliant, cloud-based communications service offers a place where markets and individuals can create vibrant communities to share content, insights and opinions – meeting all information security and compliance requirements. Our users can increase their productivity by using Symphony messaging and workflow platforms like Ipreo together," said Lawrence Miller, EVP of Global Technology at Symphony. "We are pleased to partner with Ipreo to further drive our shared vision to better connect market participants efficiently."