Audium Corporation Closes $4.3 Million Financing; Investors Include Fonix Corporation, Blue Hill Ventures, and Chelsea Capital.Business Editors NEW YORK--(BUSINESS WIRE)--April 23, 2001 Audium Corporation, the leading developer of VoiceXML application and server software, has closed a $4.3 million round of funding. Participants in this financing include Fonix Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: FONX), Blue Hill Ventures and Chelsea Capital. The new funding will be used to expand the company's research, development and sales teams, and speed the development of Audium's Voice Application Server (VAS vas (vas) pl. va´ sa [L.] vessel.va´sal vas aber´rans 1. a blind tubule sometimes connected with the epididymis; a vestigial mesonephric tubule. 2. ). The standards-based VAS accelerates the development of advanced voice applications that allow Audium customers to deliver content, services, and transactions through any phone, anytime, anywhere. Audium is clearly focused on voice application development, and has partnered with leading voice technology and service providers such as VoiceGenie, Tellme, and Voxeo, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms like Mobilocity to deliver complete voice-based mobile solutions that meet customer specific business needs. "This investment advances the strategic relationship between our companies," says Thomas A. Murdock, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Fonix Corporation. "The Fonix FAAST FAAST Force and Asset Search Tool FAAST Florida Alliance of Assistive Services & Technology Framework provides Audium with a distinct competitive advantage for enterprise telephony applications. We are confident that the solutions offered by Audium and Fonix will provide our joint customers with the most compelling voice-based solutions in a rapidly emerging major market." Louis Marx Louis Marx (August 11, 1896 - February 5, 1982) was an American toy maker and businessman whose company, Louis Marx and Company was the largest toy company in the world in the 1950s. III, Managing Director of Blue Hill Ventures, adds, "We believe that Audium, under the leadership of its strong, focused management team, is developing innovative voice application software and services and are pleased to support their efforts." "We are excited to complete our Series A round of financing, and feel that the confidence of our investors in today's difficult funding environment is a real validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of our vision and business model," says Michael Bergelson, president and CEO of Audium. "We are looking forward to growing our team of voice experts, and continuing to deliver top notch notch (noch) incisure; an indentation on the edge of a bone or other organ. aortic notch dicrotic n. cardiac notch 1. voice products to our customers." About Audium Audium develops VoiceXML server and application software that voice-enables mission critical applications for carriers, enterprises, and web-enabled businesses. The Company's proprietary, standards-based Voice Application Server provides a common set of components to quickly develop telco-grade voice applications at greatly reduced costs, bringing web-based technologies and economies of scale to the voice world. For more information on Audium, please visit www.audiumcorp.com or call (212) 609-4000. Audium is a trademark of Audium Corp. |
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