VoxSmart Ltd, a specialist in communications surveillance, has acquired GreenKey Technologies Inc, an automated speech recognition (ASR) and natural language processing (NLP) provider, to further bolster its communications surveillance offering to global financial institutions.
The addition of GreenKey’s domain-specific communication analysis expertise will enable VoxSmart to rapidly accelerate growth and position the company as the de facto market leaders in natural language processing (NLP) and voice analytics for Financial Markets.
Oliver Blower, CEO of VoxSmart, says: “By acquiring GreenKey, we have added an extremely valuable asset to our product portfolio enabling us to provide even greater value and deeper insights to our clients. We continue to be extremely well positioned to help the market consolidate their surveillance assets with our unique ‘one platform’ approach.”
Anthony Tassone, CEO of GreenKey Technologies, adds: “Following eight years of research and development focusing on voice data analysis for the financial markets, we are incredibly excited to be working with VoxSmart on this transaction. They have the breadth and depth of reach within this sector to take the technology to the next level.”
This acquisition marks a period of rapid growth for VoxSmart, following a USD25 million growth equity investment injection from Toscafund earlier this year, which was designed to support transactions such as this.
George Koulouris, Partner of Toscafund, notes: “We are already seeing our investment in VoxSmart providing the necessary support in facilitating the completion of this deal, with the company well positioned to pursue further transactions and solidify its position as the market leader.”