Tuvox Inc., provider of enterprise speech applications, has agreed to acquire the hosted speech application business of Boca Raton, Fla.-based NetByTel Inc. No financial terms were disclosed for the deal, which is expected to close today. Tuvox has raised around $26.5 million in total funding, including a $15 million Series D infusion in late 2004 at a post-money valuation of approximately $55 million. Tuvox backers investors include Granite Ventures, Foundation Capital and Norwest. NetByTel has raised around $40 million in VC funding from Noro-Moseley Partners, Lazard Technology Partners, and Time Warner Ventures.
[Primack / SJ Biz Journal]
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