Voice To Text Mobile Firm SpinVox Eyeing Float Again

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Never mind the weak financial markets. SpinVox the mobile phone firm that turns voicemails into text is reportedly considering floating the company again. The five-year old company, which operates in 7 countries and claims it will reach 30 million customers this year, has appointed Goldman Sachs to help it raise financing that could put a £200 million price tag on the firm. The company has been itching to float for a few years now, with the founders apparently eyeing up the success of its American rival Nuance Communications, which is listed on Nasdaq with a market value of around $3.6 billion (£1.79 billion). SpinVox initially considered taking the company public in 2006, but couldn’t drum up enough interest. Following its deal with Alltel (NYSE: AT) last August to supply its products to the operator’s 12 million users it said it would try again. The Times.co.uk has done a little digging at Companies House which revealed that sales were only £436,000 in 2006. It expects, however, for sales to boom, reaching £40 million in 2008 to £100 million in 2009, after signing on 12 additional operators to carry their product this year.

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