Voice productivity software developer BigHand has been acquired by Bridgepoint Development Capital together with management in a transaction totalling £49m.
Founded in 1996, the company is said to be the largest provider of voice productivity software to the legal, healthcare and professional services market in the UK with a growing international client base. It currently supports more than 150,000 professionals globally, across 1,450 organisations and has offices in London, Chicago, Sydney and Toronto.
According to a statement, voice productivity software is designed to help business professionals become more efficient. It is currently primarily related to managing the efficient workflow of digital dictation in industries where the time of professionals is both limited and expensive, and needs to be focused on value-adding activities (for example, lawyers, doctors, accountants, surveyors and IFAs).
BigHand provides the workflow software, including integrated speech-recognition technology, that makes the creation, distribution and processing of voice files more efficient and secure. Its software allows a user to dictate from any device (including the latest smartphone devices) and route that voice file to the required recipient for transcription and formatting.