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


Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.