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TMCNet:  Aspect Software acquires Voxeo

[July 31, 2013]

Aspect Software acquires Voxeo

Jul 31, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Aspect Software, Inc., a provider of customer interaction management, workforce optimization, and back-office solutions, has acquired Voxeo Corporation, a provider of interactive voice response (IVR) and voice over Internet protocol (VoIP) platforms and services, for approximately $150 million. Both the companies are based in the US.

Announcement (July 10, 2013): Aspect Software has entered into a definitive agreement to acquire Voxeo for approximately $150 million.

Deal Value (US$ Million) 150 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2013-07-26 Deal Participants Target (Company) Voxeo Corporation Acquirer (Company) Aspect Software, Inc.

Deal Rationale The acquisition of Voxeo enables Aspect to: * Augment and improve its product portfolio in the areas of IVR, cross-channel/omni-channel self-service capability, proactive outbound.

* Enhance and expand the company's cloud offerings.

* Provide data center infrastructure and network operations center capabilities that will enhance and expand Aspect on Demand and managed services capabilities.

* Expand addressable market opportunity to the SMB sector with Voxeo's proven, scalable platform; and * Support Aspect and Voxeo's channel partners with new growth opportunities.

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