paidContent.org - The Economics of Content

Current Story

Voicemail-To-Text Firm SpinVox Raises $100 Million; $500 Million Valuation; No Plans To Go Public

By Joseph Weisenthal - Wed 19 Mar 2008 07:52 PM PST

London-based SpinVox, which converts voicemails to text, has raised $100 million from Goldman Sachs, along with GLG (SEO: 066570) Partners, Blue Mountain Capital Management and Toscafund Asset Management. It brings the company’s total amount raised to $200 million. Christina Domecq told Reuters that the round valued the company in excess of $500 million. Last week, there were reports that the company had hired Goldman to help it raise money and to explore a possible IPO. It had previously explored the public markets back in 2006, though it wasn’t able to drum up sufficient interest. At this point, the company says it has no plans to go public, but is keeping open all options. It plans to use the funding to expand in North America, as well as to improve its speech-to-text functionality in more languages. In addition to its partnerships with carriers, SpinVox has also gotten into the social networking game, having developed applications for sites like MySpace and Facebook.

Posted in: Countries, UK & Europe, Mobile

Tags: spinvox


Related Research from Alacrastore.com

0 Responses:
  • There are currently no comments for this article.

    Why don't you make one?

Post Your Comment

Mobile Options

» Mobile App
» Mobile/WAP Site

Send a News Tip

About

paidContent.org, flagship of the ContentNext Media network, provides global coverage of the business of digital content.

Rafat Ali
Publisher & Co-Editor

Staci D. Kramer
Co-Editor

David Kaplan
Senior Correspondent

Joseph Weisenthal
Correspondent

Robert Andrews
U.K. Editor

Amanda Natividad
Editorial Producer

EconAds Conference - The Economics of Ad Deals. Tuesday, June 3rd, 2008. The New World Stages, NYC

New Media/Interactive Job Listings

Post Job
More Jobs

Generous Supporters