FOR IMMEDIATE RELEASE
London based telecommunications software provider VoxSmart, today announced that it has closed its series A funding round of $7 million dollars lead by UK Technology investor Deepbridge Capital and a number of senior capital markets executives.
VoxSmart, which reported record growth in 2016, helps firms achieve regulatory compliance by recording all their mobile communications. Using their proprietary software VSmart™, companies can record Voice Calls, SMS, Voice Mail and now instant messaging on any mobile network, any mobile platform, anywhere in the world.
Oliver Blower, CEO commented “We understand our clients need one global solution to not only manage risk but also to ensure their users can maximise P&L through uninhibited mobility. We have a number of large financial institutions rolling out VSmart™ and this investment will help us cement our footprint in capital markets and build out our global presence”
Ian Warwick, Managing Partner at Deepbridge Capital, commented:
“We are delighted to be working with the team at VoxSmart to help them achieve their strategic objectives in this exciting global growth opportunity. VoxSmart’s technology and experienced management team will play a major role in helping financial institutions meet and exceed global regulatory requirements.
“Specialising in providing exciting investment opportunities to private investors, it is important that we work with innovative companies that have the potential for global scalability. VoxSmart meets all of our stringent investment criteria and is the latest disruptive technology to join our portfolio of companies which qualify for the potential tax reliefs available to UK investors via the Enterprise Investment Scheme.”
The Company will use the investment to extend it’s global infrastructure in preparation for global regulatory deadlines which begin to come into force in early 2018.
The company is supported by an impressive number of highly acclaimed and experienced capital markets executives such as former electronic trading Chief Executive Officer Adam Toms who notes "The unabated electronification of global capital markets enhances transparency and significantly contributes to market integrity. Technology such as VoxSmart is another vital component in aiding crucial compliance control and ensuring fair markets.”
Former Chief Compliance Officer and VoxSmart Advisory Board Member Stephen Morse further adds: “Regulatory compliance has to be a real-time function in today’s fast paced markets and powerful surveillance and discovery tools such as VoxSmart’s are helping transition the entire voice recording function from analog to digital. The benefits of which will hugely expedite investigations, mitigate regulatory fines and boost productivity and profitability for the bank”.
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Notes to Editors
VoxSmart is one the world’s leading mobile phone communication company. It provides proprietary, patented and award-winning mobile technology to capture, record, transcribe and store, mobile calls, instant messages and voicemail.
VoxSmart was awarded in December 2016 the “Best Compliance Application” by Hedge Fund Management Magazine. In 2015 it was awarded the “Readers Choice” award for Best Governance Risk and Compliance Product/ Service at the Banking Technology awards.
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