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Nexidia Secures up to $13 Million from Morgan Stanley
Aug. 08, 2006
Leading Audio Search and Speech Analytics Leading Audio Search and Speech Analytics Company Gears Up for Continued Growth
ATLANTA, August 08, 2006 -- Nexidia, the leading provider of audio search and speech analytics solutions for government intelligence, contact center management, rich media content producers and the legal industry, today announced it has raised up to $13 million in financing from leading investment bank, Morgan Stanley. This financing will support Nexidia’s aggressive growth initiatives as it expands its product portfolio and customer base. Morgan Stanley joins existing investors H.I.G. Ventures, Boston Millennia Partners, Paladin Capital Management, Cordova Ventures and SAIC Venture Capital.
“Morgan Stanley’s capital commitment is a true testament to our business and leadership position within the industry,” said John Willcutts, Nexidia’s CEO. “We are pleased to have the endorsement of one of the world’s leading investment banks and look forward to expanding Nexidia’s presence in the market.”
Nexidia’s highly scalable and accurate audio mining and speech analytics software is the easiest solution to deploy and use in the market today. The company’s recently-launched Nexidia OnDemand offering makes it even less complex by enabling contact centers to quickly access intelligence locked away in recorded audio without mandating expensive upgrades to their recording infrastructure, additional investment in hardware or software, or problematic installations on the agent desktop.
About Nexidia
Nexidia is the leading provider of highly scalable, accurate audio mining and speech analytics software. By transforming audio and video data into business intelligence, Nexidia allows both government and commercial enterprises, in industries such as healthcare, insurance, financial services, media creation and aggregation, telecommunications and outsourcing, to leverage untapped information previously locked away in audio-video content. Based on years of research and development, Nexidia’s Phonetic Search Engine is the only technology that allows the user to search on proper names, places, industry terms and jargon without extensive training and cumbersome dictionaries. The process is adaptable to a range of audio analyses and excels across the full spectrum of audio quality. For more information, please visit www.nexidia.com.
