Subscribe to our free, weekly email newsletter!


Voxware completes transition to private company

Privatization enables investment for growth and reduces cost.
By Modern Materials Handling Staff
December 14, 2010

Voxware, a leading supplier of software for voice-driven warehousing operations, announced today that it has completed the process of becoming a private company.

The move follows a decision by Cross Atlantic Partners, one of the company’s major shareholders, to make a further investment in Voxware in support of its strategic plan, in conjunction with a going private transaction.

“This is a watershed event for us,” said Scott Yetter, Voxware’s CEO. “The burden and cost of public company compliance keeps rising every year. As a private company, we now have greater operational flexibility and can focus more on long-term growth without undue emphasis on short-term earnings and fluctuations in the price of our stock. Building new software products is the best use of company resources that will maximize benefit to our customers, employees, and shareholders.”

“Over the past five years, Voxware has introduced the most significant innovations to the market for voice-directed warehousing. Our Voxware 3 product has transformed the company from a custom developer of proprietary solutions to a software products company with an open and packaged offering. We have led the way to lower overall cost and faster implementations of voice solutions for customers, and we’ve been very pleased by marketplace reaction,” Yetter continued. “As a private company, we can now devote even more resources to accelerated evolution of our product line.”

Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Supply chain visibility is the Holy Grail for warehouses and distribution centers where the fast and efficient movement of goods is the solution to satisfying customer demand. This is especially true for the 68% of companies which are not satisfied with material movement efficiency from source to destination. These companies are seeking new ways to get the right goods to the right place at the right time. They are finding that change, complexity, compliance, competition, and connectivity are leading to further confusion.

Instead of ignoring a forklift fleet and its associated costs, asking the right questions can lead to substantial savings.

This white paper outlines five ways to increase profits with automation. By implementing automated storage and retrieval equipment-such as horizontal carousels, vertical carousels and vertical lift modules, multiple areas of a manufacturing or distribution facility will benefit from savings in inventory accessibility, floor space, time, improved ergonomics and better accuracy.

Citing difficult winter weather, executives anticipate the release of pent-up demand.

First edition takes place in Nairobi, Kenya, Sept. 9-12, 2014.

Article Topics

News · Voice · Automated Data Capture · Voxware · All topics


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA