VoxSmart Ltd., the global leader in communications surveillance, has announced the acquisition of GreenKey Technologies Inc., the industry leader in automated speech recognition (“ASR”) and natural language processing (“NLP”), to further strengthen its communications monitoring offering global financial institutions.
The addition of GreenKey’s domain-specific communication analysis expertise will enable VoxSmart to accelerate growth rapidly and position the company as the de facto leader in natural language processing (NLP) and speech analysis for financial markets.
Oliver Blower, CEO of VoxSmart, commented on the transaction: âWith the acquisition of GreenKey, we have added an extremely valuable asset to our product portfolio that enables us to offer our customers even more value and deeper insight. We remain very well positioned to help the market consolidate its monitoring resources with our unique ‘One Platform’ approach. ”
Anthony Tassone, CEO of GreenKey Technologies, added: âAfter eight years of research and development focusing on speech data analytics for the financial markets, we are excited to partner with VoxSmart on this transaction. They have the breadth and depth of reach in this sector to take technology to the next level. “
This acquisition marks a period of rapid growth for VoxSmart after Toscafund made a $ 25 million growth capital investment earlier this year to support transactions like this.
George Koulouris, Partner at Toscafund, commented, “We are already seeing that our investment in VoxSmart will provide the necessary assistance in closing this transaction and that the company is well positioned to pursue further transactions and consolidate its position as a market leader.”