SpinVox Secures over $100 Million in New Funding Round

Investors include: GLG Partners; Goldman Sachs; BlueMountain and Toscafund Asset Management

LONDON--(BUSINESS WIRE)--SpinVox, the founder and global leader in Voice-to-Screen messaging has announced that it has secured over $100 million in a new funding round.

“Closing this funding round is an exceptional achievement given the current state of the global financial markets”

The funds will be devoted to further building the global business of the UK-headquartered company that already operates on four continents and has signed deals with 12 carrier networks and intends to double that number during the next year.

“Closing this funding round is an exceptional achievement given the current state of the global financial markets,” says Christina Domecq, CEO and Co Founder of SpinVox. “We are delighted to have this group of institutional investors join the company. It clearly underlines the confidence these high-calibre investors have in SpinVox and the management team.”

The new round builds on previous investments made in the company by private equity investors such as Martin Hughes, Charles Dunstone of Carphone Warehouse and Peter Wood, the founder of Direct Line, eSure and Sheila’s Wheels and institutional investors such as ABN Amro, Gartmore and Allen & Co.

“We built SpinVox to answer a real need in the marketplace and have now established a vast new market for voice-to-screen messaging which we continue to lead,” continues Christina. “One of the many reasons why people are getting so excited about SpinVox is that it is one of the few genuinely innovative companies to have emerged in the telecommunications arena in recent years. SpinVox is transforming core messaging for carriers world-wide and delivering new, recurring revenues from existing user behaviour.”

Goldman Sachs International acted as exclusive financial adviser to SpinVox on the transaction.

Goldman Sachs International is acting for SpinVox Limited and for no one else in connection with the financing and the matters described in this circular and accordingly will not be responsible to any person other than SpinVox Limited for providing the protections afforded to clients of Goldman Sachs International, or for providing advice in relation to the financing or any of the matters described in this circular.

About SpinVox

SpinVox® brought together the two most popular methods of communication – voice and text – and created a new category of messaging called Voice-to-Screen™. Its award-winning service is now making everyday communication simpler and more powerful, creating new recurring revenues for wireless, landline, cable and VOIP carriers as well as service providers and web partners. SpinVox has already launched its services with Alltel, Cincinnati Bell, Rogers, Sasktel, Telstra, Telus, Vodafone Spain, Vodacom South Africa and LiveJournal and announced a deal with Skype. As a managed service provider, SpinVox can be rapidly deployed on any network or service at low cost and works with any handset.

At the heart of SpinVox is its Voice Message Conversion System™ (VMCS), which works by combining state-of-the-art speech technologies with a live-learning language process. VMCS is being rolled-out across four continents in four languages - English, French, Spanish and German.