Siemens Mobile Acceleration Invests in SVOX AG

ZURICH, SWITZERLAND - Siemens Mobile Acceleration announced its investment in SVOX AG, the Swiss specialist in Text-to-Speech technology. In SVOX's current round of financing, Siemens Mobile Acceleration acted as the sole investor and will support SVOX's way to market entry and a product portfolio. Volker Jantzen, SVOX's CEO says: "Securing this funding in the current market is a major vote of confidence in our technology, the company's business model and its employees. I am honored for SVOX to be the first Swiss company in which Siemens Mobile Acceleration, a leading international mobile technology accelerator, invests. The current financing round will support and accelerate our product development. " Dr. Dietrich Ulmer, CEO & President of smac, adds: "We believe that SVOX is one of the most promising companies in the text-to-speech market and will continuously be one step ahead of the competition when it comes to technological innovation. Beyond our financial investment Siemens Mobile Acceleration will support SVOX with a unique set of services, including coaching from an experienced management team, the provision of contacts to potential customers and the access to Siemens mobile sales channels worldwide." Dr. Ulmer will also be joining the board of directors of SVOX.