Fenwick & West represented Symphony Communication Services LLC, a secure communication and workflow technology company, as Special Counsel to the Board of Directors in its recently announced acquisition of certain technology assets developed by Markit. Financial terms of the transaction were not disclosed. This acquisition represents the company’s first major transaction since its founding.
With the acquisition of Markit, Symphony will provide a secure directory for managing contacts across the financial services industry. Symphony will populate the directory with vetted contacts from firms and users validated by network participants, allowing for enhanced identity management.
The Fenwick transaction team was led by corporate partner Scott Joachim and technology transactions partner Stephen Gillespie.