SpinVox (News - Alert), a mobile-phone technology firm that converts voicemails into text messages, has reportedly appointed advisers to consider fundraising options including a plan to help stock-market flotation.


A report in the Times of London says Goldman Sachs will help it raise new finance that could value the business at approaching £$400 million.

“We are doing what every fast-growing business does,” co-founder Christina Domecq (News - Alert), told the Times Online. “We have all the options in front of us, whether that is a float or something else.”

SpinVox is expected to reach the 30 million customers milestone this year, and operates in seven countries, including Canada and Australia.

According to the report, sales were $900,000 in 2006, up 78 percent from the preceding 17 months. Pretax losses stepped up from $11 million to $21 million because of increased research spending.

Now, the business is forecasting an upturn in sales, from $80 million in 2008 to $200 million in 2009, after doubling the number of mobile-phone carrier partners it has from 12 to 24 this year, the report stated.

Tim Gray is a Web Editor for TMCnet, covering news in the IP communications, call center and customer relationship management industries. To see more of his articles, please visit Tim Gray’s columnist page.

Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users. Today’s featured white paper is Convergence in Telecommunication, brought to you by Comarch (News - Alert).

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