Feeds

Fluency buys Vocalis for £1

Speechless

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Cambridge-based speech recognition outfit Vocalis has been sold to Netdecisions Holdings Ltd for just £1 after calling in the administrators.

News that Vocalis was in talks with the IT services group surfaced last week - six weeks after Vocalis revealed that it had received no new orders since March.

The July statement warned that as of 30 June the company had £1.1 million in the bank but was burning cash at around £375,000 a month. With time running out, the company confirmed that it was "currently pursuing a number of strategic options".

Today's announcement of the sale to Netdecisions means that the company can move forward while safeguarding the future of around 57 jobs at Vocalis.

Vocalis will become part of Fluency Voice Technology Ltd - Netdecisions' speech application business.

Vocalis was an early player in the development of the UK speech recognition market. It was formed in 1993 by a management buy out from Logica PLC.

Parent company Vocalis PLC was listed on the UK Stock Exchange in July 1996. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Nexus 7 fandroids tell of salty taste after sucking on Google's Lollipop
Web giant looking into why version 5.0 of Android is crippling older slabs
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Bada-Bing! Mozilla flips Firefox to YAHOO! for search
Microsoft system will be the default for browser in US until 2020
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.