UK technology firm VoxSmart has acquired GreenKey Technologies, an automated speech recognition and natural language processing provider, to bolster its communications surveillance offering to global financial institutions.
VoxSmart says the addition of Chicago, USA-based GreenKey’s domain-specific communication analysis expertise will enable the company to rapidly accelerate growth and position it as the de facto market leader in natural language processing and voice analytics for financial markets.
Commenting on the deal, Oliver Blower, chief executive officer 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, chief executive officer of GreenKey, 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 $25 million growth equity investment injection from Toscafund earlier this year, which was designed to support transactions such as this.
George Koulouris, partner at Toscafund, says: “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.”