Voxeo

Founded in 1999 by entrepreneurs Jonathan Taylor and Gary Reback, Voxeo was established to simplify the development and deployment of phone-based applications. Taylor, a 'full-stack entrepreneur' with a history of starting and selling successful tech companies, identified a market need for more accessible tools to create Interactive Voice Response (IVR) solutions, moving beyond the complex and costly platforms of the time.

The company specialized in providing development platforms for unified customer experiences, offering both self-service and real-time communication applications. Voxeo's business model centered on a Platform as a Service (PaaS) offering that catered to a broad client base, from developers to large enterprises, including half of the Fortune 100. Revenue was generated by providing this platform in various deployment models: as a cloud-based service (SaaS), as on-premise software for private clouds, or as a hybrid combination of both. This flexible approach allowed businesses to automate and connect phone interactions using IVR and VoIP technology, thereby improving service and reducing operational costs.

Voxeo's core product was its Prophecy platform, a pure software, standards-based foundation for IVR and other telephony applications. It was built on open standards like VoiceXML, CCXML, and SIP, which was a key differentiator. This allowed developers to create sophisticated applications for speech-driven call routing, automated customer self-service, and outbound notifications. Over time, the platform evolved to support a multi-channel approach, integrating SMS, web chat, and social media engagement. The company also expanded its capabilities through strategic acquisitions, such as VoiceObjects for advanced application development and analytics, and Micromethod Technologies to gain a foothold in Asia.

After raising approximately $39.1 million in funding over several rounds, Voxeo became an employee-owned private company in 2004 following a management-led buyout. The company's growth and market position culminated in its acquisition by Aspect Software in July 2013 for approximately $150 million. The deal was a strategic move by Aspect to enhance its cloud, hybrid, and on-premise deployment capabilities and integrate a market-leading IVR and multi-channel self-service platform into its portfolio.

Keywords: Interactive Voice Response, IVR platform, VoiceXML, CCXML, customer self-service, telephony applications, cloud communications, PaaS, VoIP solutions, Aspect Software, Jonathan Taylor, communications platform, call routing, unified communications, outbound notification, multi-channel self-service, speech recognition, SaaS, contact center solutions, voice applications