Voxeo Corporation, a provider of Software as a Service (SaaS) solutions that connect phone calls with Interactive Voice Response (IVR) or Voice over IP (VoIP), received a $9m minority investment by North Atlantic Capital and the Florida Growth Fund.
The funds will be used to accelerate internal development and make corporate acquisitions to take advantage of opportunities in Unlocked Communications, including VoIP platforms, Interactive Voice Response, text and instant messaging, and unified communications.
Voxeo has acquired three companies over the last 14 months.
In conjunction with the investment, Mark Morrissette, Managing Director of North Atlantic Capital, has joined Voxeo’s board of directors.
Commenting on the deal, Jonathan Taylor, Voxeo CEO, said: “This investment allows us to further accelerate our growth both organically and through acquisitions of complementary and competitive companies”.
Voxeo is an employee-owned company with headquarters in Orlando, Florida and offices in Beijing, Cologne, London and Silicon Valley.