Voxeo Corporation Announces Strategic Investment

voxeo_logo.gifVoxeo Corporation announces a $9 million minority investment by North Atlantic Capital and the Florida Growth Fund. Voxeo will use the funds to take advantage of rapidly growing opportunities in Unlocked Communications, including VoIP platforms, Interactive Voice Response, text and instant messaging, and unified communications, both by accelerating internal development and through corporate acquisitions. Voxeo has acquired three companies over the last 14 months.

This is the first investment made by the Florida Growth Fund, a $250 million partnership between the State Board of Administration of Florida and Hamilton Lane. Hamilton Lane is one of the leading private equity asset managers worldwide, with over $88 billion under management and supervision. The Florida Growth Fund was created in 2009 as a result of the passage of Florida State Bill 2310 with the goal of investing in technology and growth-based businesses in the State of Florida.

North Atlantic Capital is a venture capital firm dedicated to helping strong teams accelerate the growth of their expansion-stage, technology-based companies. North Atlantic Capital found and identified Voxeo as a high quality investment opportunity in 2007 and in addition to leading the investment, introduced Voxeo and the Florida Growth Fund. Concurrent with the investment, Mark Morrissette, Managing Director of North Atlantic Capital, has joined Voxeo’s board of directors.

Voxeo is an employee-owned company with headquarters in Orlando, Florida and offices in Beijing, Cologne, London and Silicon Valley. In 2009, Voxeo was named one of the 100 best places to work in Florida. Voxeo's offerings include:
  • Prophecy Interactive Voice Response and Unified Self Service platform helps enterprises and service providers automate their most common customer and employee interactions via phone, SMS, IM, Twitter, mobile web and more.
  • VoiceObjects Application Server helps enterprises and service providers design, create, deploy, manage, and analyze personalized self-service applications.
  • Micromethod VoIP platforms and solutions help enterprises and service providers deploy highly-scalable, customizable infrastructure for VoIP solutions.
  • IMified technology delivers a web service that enables applications to interact with any text messaging network, including SMS, IM, Twitter, Facebook, and more.
All of Voxeo's products and services are available as both an on-premise, traditional software license and as on-demand, hosted, Software as a Service solutions.

Posted on Nov 13, 2009  Reviews | Share |  Digg
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