Speechstorm announces MBO and funding round

Speechstorm, a provider of interactive voice response (IVR) application software, has announced the completion of a management buy-out (MBO) and initial funding round of £1.8m. 

The funding is provided by Crescent Capital, a venture-capital fund manager, Kainos, a supplier of EDRM solutions, and the Speechstorm senior management team.

Key to Speechstorm’s strategy will be the launch this summer of the latest version of Speechstorm’s Dynamic IVR platform, which will enable the delivery of software-as-a-service (SaaS) and on-premise IVR applications.