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SyVox Closes New Round of Financing

Staff -- Industrial Distribution, 11/1/2001

Boulder, Colo. — SyVox Corp., a provider of speech-based solutions for industrial markets, announced that it has completed a $4.7 million financing led by Psion Teklogix. Other contributors to the funding were The Hillman Company of Pittsburgh and FLV Fund of Belgium. SyVox plans to expand its worldwide sales and marketing.

Psion Teklogix made a $10 million investment in SyVox and now the companies jointly develop and market speech-based solutions for the warehousing and logistics industry.

Psion Teklogix markets its wearable computer integrated with the SyVox SpeechNet® Logistics speech application for the warehousing and logistics marketplace.

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