VoiceVault Enters Administration, Selling Off Assets
VoiceVault, a provider of voice biometrics, has been taken over by administrators and will sell off its business and assets, according to Computer Business Review. Two administrators from Smith and Williamson have appointed to oversee the process. McGill told Computer Business Review that VoiceVault has been funded mostly via equity investment, and requires working capital to continue its development.
The administrators say they have identified potentially interested parties, and are approaching possible buyers. VoiceVault will attempt to sell its VoiceAuth SaaS platform, VoiceSign IVR-based e-signature product, and VIM identity and access management system.
Overall, daily voice command technology usage is routine for only a third of users, even though 70% have tried voice once at least once. Barriers to more widespread use include privacy concerns, poor experiences using voice control and limited ownership of Internet of Things smart devices.