Nov 12, 2009

Voxeo Raises $9 Million For VoIP And IVR Technologies




IVR and VoIP provider Voxeo has raised $9 million in funding from North Atlantic Capital and the Florida Growth Fund. Voxeo develops technologies in unlocked communications, including VoIP platforms, Interactive Voice Response, text and instant messaging, and unified communications.

The startup has made numerous acquisitions over the past year, buying Motorola's Motorola's VoiceXML browser business, IM platform developer IMified, application server Voiceobjects, and VoIP platform Micromethod. Voxeo says that the new funds will be used to make additional acquisitions ad well as further internal development of technologies.



IVR and VoIP provider Voxeo has raised $9 million in funding from North Atlantic Capital and the Florida Growth Fund. Voxeo develops technologies in unlocked communications, including VoIP platforms, Interactive Voice Response, text and instant messaging, and unified communications.


The startup has made numerous acquisitions over the past year, buying Motorola’s Motorola’s VoiceXML browser business, IM platform developer IMified, application server Voiceobjects, and VoIP platform Micromethod. Voxeo says that the new funds will be used to make additional acquisitions ad well as further internal development of technologies.


It’s not surprising that Voxeo has been able to secure a large amount of funding. The startup has seen 1000 percent revenue growth over the past five years. And while Voxeo has steadily growing, the startup has flown under the radar since its founding in 2000. The company, which claims it serves half of the Fortune 100, but doesn’t publish a list of customers.


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