Livingbridge, the mid-market private equity investors, has sold its Nottingham-based investee, Red Box Recorders Group Limited to US firm Uniphore Technologies Inc.
The combination brings together Red Box, the dedicated voice specialist with over 30 years’ experience in empowering organizations to capture, secure and unlock the value of enterprise-wide voice, with Uniphore, the global leader in conversational artificial intelligence (AI) and automation.
Red Box will continue to operate from its base in Nottingham.
Livingbridge partner, Adam Holloway, said: “This has been another successful technology investment for us, building Red Box from a UK compliance specialist into a global business with a leading proposition for enterprises seeking sovereignty over their data and access to a new world of AI and automation solutions.
“The combination with Uniphore brings clear strategic benefits, accelerating value for the group’s customers in a dynamic and fast developing market. We are hugely thankful to the leadership team and skilled employees of Red Box and wish them every success in the future.”
Richard Stevenson, Red Box CEO, said: “The support from Livingbridge to invest in our latest platform, Conversa, has been instrumental in Red Box’s transformation, allowing us to respond to and exploit new opportunities and service global enterprise customers.
“They have been strong and value-added partners for the business throughout. We are excited about the next chapter as part of Uniphore as AI and automation becomes increasingly embedded in the way businesses operate and grow.”
Livingbridge and Red Box were advised by James Clark and Gordon Beveridge of Obair Partners (Corporate Finance) and Amie Norris of Pinsent Masons (Legal).
