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August 29, 2007
Dutch Investor Marcel Boekhoorn Takes €16.5M Stake in Voice.Trust
Marcel Boekhoorn M&A said today it has acquired a majority stake in venture-backed VOICE.TRUST for €16.5M. We assume it is buying out some of the startup's early investors, but the press announcement didn't make that clear. (We will update if we hear differently.)
The voice biometrics startup has been in business since 2000 and has been selling its technology for integration into password reset systems for authentification.
The Dutch newspaper Telegraf, which actually reported the news last week if the date is correct in the online version we looked at, says that the company had a turnover of €6M last year and that its new backer expects the company to breakeven within the next year or so.
A subsidiary in Dubai, UAE will be established to service the Middle East / Asia Pacific region, which Boekhoorn M&A said it will support, as well as extending its operations to the consumer market for especially mobile payment applications.
Read - Telegraf article on Boekhorn deal (Dutch)
View- Voice.Trust
Posted on August 29, 2007 06:39 PM | Posted to Biometrics | News And Updates | Permalink
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