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Symphony's chat service allows financial firms, corporate
customers and individuals to put all of their digital
communications on one centralized platform.
The talks are ongoing and no terms are finalized yet, the source
added.
The Wall Street Journal, citing people familiar with the matter,
reported earlier on Monday that Google invested in a new round
of funding for Symphony that values the company at about $650
million.
The service is backed by Goldman Sachs Group Inc and other big
Wall Street banks.
Goldman led a group of 14 banks including Bank of America Corp,
Citigroup Inc and JPMorgan Chase & Co in making a $66 million
investment in Symphony last October, when Symphony was set up.
Symphony spokeswoman Samantha Singh declined to comment.
Many on Wall Street think of Symphony as a rival to Bloomberg LP
and Thomson Reuters Corp, which provide messaging and
information services for bankers, traders and investors.
Those terminals can cost tens of thousands of dollars per year
for each customer.
Symphony is available to businesses with more than 50 users for
$15 per user per month. Smaller businesses and individuals can
use the tool for free.
Last month, Symphony said they are working with News Corp's Dow
Jones to offer news stories in its service and with McGraw Hill
Financial Inc to integrate data and analytics from its S&P
Capital IQ product.
(Reporting by Devika Krishna Kumar and Anya George Tharakan in
Bengaluru; Editing by Don Sebastian)
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