Paris, May 29th 2007 - telisma, European leader of speech recognition technologies announces its increase in capital of €1.2 million. The new placement was led by UFG Private Equity and followed by its historical shareholders: 3i, Ventech, Innovacom and AGF Private Equity. This capital increase comes at a time where the market is showing a strong demand for speech understanding and interaction solutions across the globe. It will allow telisma to take full advantage of this momentum with its teliSpeech platform.
Laurent Balaine, CEO of telisma says: ‘With the teliSpeech platform we make it simpler, faster and cheaper for partners to make high quality speech solutions in different languages. With the funds that we’ve raised, we will accelerate our development into international markets such as in India and continue to strengthen our product leadership’.
According to Olivier Denigot and Guillaume Toussaint, Investment Directors at UFG Private Equity: “Thanks to its development tools and its experience of mass market applications we believe telisma is now ideally positioned to take significant market share in international markets. In addition, the growing use of unstructured data makes speech recognition a must and should become an important growth driver for telisma in the near future”.
