www.getdesign.in - My periodic blog exploring the world of business, experience design and interaction, with a smattering of gadgetry and social media. A world where business, people and technology meet.

Let's Fix Things: For over two decades I've been consulting in Communications Design: Everything from business strategy and processes, through to technology, interaction and customer experience. The thoughts here are my own, not necessarily that of my employer.

I have a penchant for spotting patterns and fixing broken user and customer experiences. Even my Bumblebee project hasn't escaped - I've been using Six Sigma techniques to study and predict their behaviour patterns. ☺

December 15, 2009

Voice-to-text firm Spinvox given time to repay loan

December 15, 2009/ Nik Sargent

The troubled voice-to-text technology firm Spinvox has been given more time to pay back a loan which threatened its survival.

Spinvox is in negotiations with an American speech recognition firm Nuance which may lead to a sale.

The £30m loan, which was due to be repaid this week, was granted earlier this year by an investor.

Now the company has been told that it has until the end of January to find the money.

A source close to the company said Spinvox had been told: "We're not going to put the company into administration over the £30 million."

[source: http://news.bbc.co.uk/1/hi/technology/8411961.stm ]

Nik Sargent

Nik Sargent

GetDesign | Nik Sargent | design interaction blog

Nik Sargent

Nik Sargent