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Spinvox considers IPO
Spinvox, the company that converts voicemails into text messages, is once again pursuing an initial public offering (IPO) or other fundraising options. The company has hired Goldman Sachs to handle the potential IPO. Spinvox launched in 2003 and now serves users in seven different countries. It expects to hit 30 million users by year-end. The business is reportedly worth about $400 million. Spinvox hopes to achieve similar success to its rival Nuance Communications, which is currently listed on Nasdaq and worth $3.6 billion. Spinvox's CEO Christina Domecq said teased the idea of an IPO last August. The company also considered an IPO in 2006 but dropped its plans.
For more on Spinvox's plans:
- read this article from the Times Online
Comments (2) | Post a comment
Comments
Posted by Anonymous | March 13, 2008 - 3:05am
They should stop lying to their customers about how their messages are transcribed. They use outsourced centers staffed with humans. Their machine "the brain" D2 is a lie.
The technology simply does not exist.
Get real - this is a bag of air!
Posted by Anonymous | March 13, 2008 - 5:29pm
30 million subscribers. That's quite an aggressive goal. Does anybody realize that the economy is becoming more strained. Consumers are cutting back on nice to haves. The service is expensive for a single feature.
