US investor sees VoiceObjects as well positioned in the high growth market for voice-operated telephone services.
Cologne, Germany and Boston, August 16, 2004: VoiceObjects AG, provider of the world’s leading Voice Application Management System (VAMS) for voice-operated telephone services, announces a new investor. TeleSoft Partners, a US-Silicon Valley-based venture capital firm specializing in information and communication technologies, is acquiring a four-million-euro stake from T-Venture, the venture capital arm of Deutsche Telekom AG. T-Venture as well as the T-Com Venture Fund had participated in the second round of financing for VoiceObjects at the end of April this year. T-Venture is now transferring a part of this second investment to TeleSoft Partners as planned (T-Venture is a strategic corporate investor in TeleSoft Fund II). T-Venture opened up this slot for TeleSoft to allow for a US investor in the syndicate to help US growth. Shareholders of VoiceObjects agreed to the transfer during the second financing round. T-Venture and T-Com Venture Fund remain one of VoiceObjects' key investors. Further investors in this second round of financing are SAP Ventures and Wellington Partners.
"The basic business idea and the enormous growth potential in VoiceObjects convinced us. It is highly likely that VoiceObjects will take a key position in the high growth market for voice-operated telephone services with its Voice Application Management System," said Arjun Gupta, founder and Managing Partner of TeleSoft Partners. "Our estimates, especially of the North American market, make us confident that their voice application server technologies will determine the future. In two to three years, all larger voice applications will run on such systems, just like web applications run on web application servers today. Voice service providers using VoiceObjects' software gain a decisive competitive advantage because they can offer callers comfortable, easy-to-use, and personalized access to a multitude of telephone services," Gupta explained.
VoiceObjects is gaining a leading US investor who will play a strategic role as the company prepares to enter the North American market. "We consider this investment in our company by a US investor to be a mark of confidence in our plans to establish ourselves successfully in the North American market. Along the way, we know we can rely on the broad experience base of the partners at TeleSoft who have already succeeded in establishing over fifty technology firms," said Karl-Heinz Land, CEO of VoiceObjects AG.
