Livingbridge sells Red Box to Uniphore

Livingbridge, one of the UK’s leading mid-sized private equity investors, is pleased to announce the successful sale of its Red Box Recorders Group Limited (“Red Box”) investment to Uniphore Technologies Inc (“Uniphore”).

This alliance brings together Red Box, a leading dedicated voice specialist with over 30 years of experience enabling organizations to capture, protect and unlock the value of enterprise-wide voice communications, with Uniphore, a global leader in conversational artificial intelligence (“AI”) and automation. . Red Box will continue to operate from its base in Nottingham, UK.

Livingbridge Partner Adam Holloway commented: “This has been another successful technology investment for us, transforming Red Box from a UK-based compliance specialist into a global business with a leading offering for businesses seeking sovereignty over their data and access to a new world of AI and automation solutions . The merger with Uniphore provides clear strategic advantages, adding value to the group’s clients in a dynamic and fast growing market. We are very grateful to the management and qualified staff of Red Box and wish them every success in the future.”

This was stated by the CEO of Red Box Richard Stevenson.“Livingbridge’s support to invest in our latest Conversa platform has been instrumental in transforming Red Box, enabling us to respond and capture new opportunities and serve enterprise customers around the world. They have always been strong and valuable business partners. We look forward to the next chapter within Uniphore as AI and automation become more embedded in the way businesses operate and grow.”

Livingbridge and Red Box were advised by James Clark and Gordon Beveridge of Obair Partners (Corporate Finance) and Amy Norris of Pinsent Masons (Legal).

The post Livingbridge is selling Red Box to Uniphore first appeared on Fintech Finance.

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