Cisco is set to acquire Voicea, a provider of meeting transcription, voice search, and meeting highlights / action items.
Voicea’s investors include Google Ventures, GGV Capital, e.ventures, BV Battery Ventures, WorkDay, Cisco, Salesforce Ventures and M2.
Voicea website said Voicea is a voice collaboration platform powered by an Enterprise Voice Assistant named EVA. EVA is an AI that takes commands, performs actions and captures highlights in meetings to share them and create actionable recaps.
The acquisition of Voicea, headquartered in Mountain View, CA, will assist Cisco to enhance its Webex products with a powerful transcription service that blends AI and Automated Speech Recognition (ASR) to unlock the power of any collaboration, like meetings and calls.
# Cisco collaboration customers include 95 percent of the Fortune 500
# More than 130 million people use Webex every month
# More than 360 million meetings happen on Webex each year
“Voicea’s technology will be a game changer for our Webex customers to experience more productive and actionable meetings,” said Amy Chang, senior vice president and general manager, Cisco Collaboration.
Attendees and non-attendees can use Voicea technology in order to collect information from digital notes and insights, turning a block of text into actionable information, Sri Srinivasan, senior vice president and general manager of Webex team in said in a blog.
Voicea team will join the Webex portfolio team. Omar Tawakol is the chief executive officer of Voicea. Ahmad Abdulkader is the CTO of Voicea. Cisco said the acquisition is expected to close in the first quarter of Cisco’s fiscal year 2020.