Feeds

Fluency buys Vocalis for £1

Speechless

  • alert
  • submit to reddit

The essential guide to IT transformation

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. ®

Boost IT visibility and business value

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Munich considers dumping Linux for ... GULP ... Windows!
Give a penguinista a hug, the Outlook's not good for open source's poster child
Intel's Raspberry Pi rival Galileo can now run Windows
Behold the Internet of Things. Wintel Things
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Eat up Martha! Microsoft slings handwriting recog into OneNote on Android
Freehand input on non-Windows kit for the first time
Linux kernel devs made to finger their dongles before contributing code
Two-factor auth enabled for Kernel.org repositories
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.