Voice-directed solutions provider, Vocollect, has received significant financial investment from private equity firm, Riverside Partners.
This undisclosed sum has been put in place to support and accelerate Vocollect's growth plans for 2009 and beyond. These comprise a variety of ongoing initiatives, including geographic expansion and product development, both of which contributed to global growth in 2008, which reportedly surpassed expectation. The funding will also underpin the company's plans to expand the sale and installation of Vocollect Voice products beyond supply chain operations. The key business benefits of Vocollect Voice are a rapid reduction in operational costs, increased worker productivity and accuracy, and enhanced safety and worker satisfaction.
On average, return on investment (ROI) is delivered in less than 12 months, increasingly in three to six months as customers expand the function and use of Voice across their organisations. This lends well to the current business and economic climate in which businesses are looking to cut costs and streamline processes. A significant percentage of current revenue growth in the UK and EMEA is from the retail, pharmaceuticals and distribution sectors with blue chip customers including Sainsbury's, John Lewis, Next, WHSmiths, 3663 and DSV.
Vocollect, Inc. is a leading provider of voice solutions for mobile workers worldwide, helping customers achieve a higher level of business performance through voice. Every day Vocollect enables over 250,000 workers worldwide to distribute more than US$2 billion dollars' worth of goods from distribution centers and warehouses to customer locations. A global team of over 2,000 supply chain reseller and channel partner experts supports Vocollect Voice offerings in 55 countries and in 26 languages. Vocollect VoiceWorld Suite integrates with all major WMS and ERP systems, including SAP, and supports the industry's leading mobile computing devices.