Oxford-based Speik spoken for as it sells for £21.5 million

Speik

Oxford-based Speik – a leading UK-based provider of call recording and PCI (Payment Card Industry) compliance has been acquired by Australia-based Dubber Corporation, for £21.5 million.

Dubber, the world’s leading provider of cloud based call recording and voice AI, said that the acquisition furthers its vision of dubbing the world’s networks and communications solutions to put AI on every phone, transforming voice data into a source of value for Enterprises and Governments globally.

Speik was formed in 2019 through a merger of Aeriandi Ltd (Aeriandi) and Voxygen Ltd (Voxygen). Voxygen had been supplying a hardware-based recording platform to Telefonica UK Limited (O2), one of the UK’s leading networks, and Aeriandi had been providing PCI compliance  in conjunction with leading UK service providers including Vodafone and Gamma. Speik  has 38 employees in the UK and Europe.

Speik will continue to operate as an independent division within the Dubber group, serving existing and future customers with its current product portfolio as supplemented by Dubber solutions.

Steve McGovern, CEO of Dubber, said:“Dubber’s acquisition of Speik is fundamentally accretive on all levels. Speik brings to Dubber a strong footprint in the leading UK-based mobile network provider, world-class technology resources, and a growing base of subscribers.”

“The team at Speik has been a pioneer in terms of network-based mobile recording together with O2. Their success with one recording partner over seven years provides an insight into Dubber’s ambitions for its own 130-plus service provider partners, globally.

“The Dubber product suite has a capability to expand Speik’s revenue opportunities with O2 – and other service providers – from its current enterprise focus into the larger addressable markets of mobile SME and across unified communications (UC) and Microsoft Teams services with Unified Call Recording.

“We believe that Dubber can substantially accelerate growth and adoption in that and other key UK-based relationships while using Speik’s PCI services to drive additional revenues with our service provider partners. We welcome the Speik team to our growing Dubber family and look forward to serving our mutual customers like never before.”

Matthew Bryars, Founder and Vice Chairman at Speik, added: “Dubber is the clear category leader in unified call recording and we are excited to join the team – accelerating our growth, delivering richer solutions to service and solution providers, and unlocking the power of voice data for government and enterprises.”

Sergio Budkin, Director of Business Products and Propositions at Telefonica UK Ltd (O2): “Together with Speik, O2 has been providing mobile recording services in the UK, enabling compliance, improved customer experience and productivity gains for enterprises and government. We welcome the opportunity to expand those services via Dubber’s industry-leading offering across multiple sectors and delivery platforms.”