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Babel Technologies completed a 5 million EUR fund
raising with major investors active in the IT sector
Babel
Technologies announced on February 22 2002, that it has completed a 5 million
EUR fund raising with major investors active in the IT sector, Part’Com, SRIW
and IMBC.
The
success of the private placing, the acquisition of Infovox in September 2001 and
partnerships with major players in telecommunications, mobile and multimedia
applications confirm the leading position of Babel Technologies on the European
market.
"The
confidence of the investors in Babel Technologies gives us the opportunity to
accelerate the development of the new generation of speech technologies, to
reinforce our strategy in sales and marketing in order to continue to provide
reliable and user-friendly speech interfaces.", said Vincent Fontaine, CEO
and co-founder of Babel Technologies.
About
PART’COM
Part'Com
is a Paris-based investment capital firm, with the mandate of managing private
equity investments in telecom, media and e-business ventures. Its team of 13
investment professionals manages EUR 500 million with 85 participations in
telecom and media companies in Europe and North America. Part'Com is active
since 1986 when it was founded as a venture capital initiative by the Caisse des
Dépôts Group (CDC) and is today part of CDC Ixis.
For
additional information, please look at www.partcom.com or contact Pierre
Chevalier at +33 1 40 64 23 27. About
SRIW The
mission of SRIW Group is to finance companies for the long term, not only in
Belgium but also abroad, with the objective of promoting the economic
development of the Walloon Region, either directly or indirectly. They
participate in projects for redeployment, modernisation or growth of the
companies concerned. The financial resources provided to the companies
concentrate on activities aimed at the long term. This differs from the
conventional, short-term financing covered by traditional bankers.
For
additional information, please look at www.sriw.be or contact Louis Tordeurs at
+32 4 221 98 11. About
IMBC Objectif N°1 S.A.
I.M.B.C. Objectif N°1 is the venture capital subsidiary of S.A. Invest
Borinage-Centre, focusing on developing high-tech corporations. Founded in 1989,
S.A. Invest Borinage-Centre is a mixed financial tool intended for small and
medium sized companies (SME) located in the areas of Mons, Borinage and Centre.
Of the 82 million EUR at the disposal of S.A. Invest Borinage Centre, 76 million
EUR have been invested in almost 300 companies. For
additional information, please look at www.imbc.be or contact Sylvie Créteur at
+32 64 264866.
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the full story
Babel will attend Cebit in Hannover on March 13 to 20, 2002
CeBIT
is the worldwide attraction for the entire ICT sector. CeBIT is the only show
featuring such an extensive display of ICT products and services from every
point of the globe.
Come and discover the state-of-the-art speech technologies at booth Hall 9 D 36.
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