Varolii files for IPO
September 14th, 2007 by Jim Savage
We are very pleased to announce that Varolii has filed for its IPO.
Varolii allows businesses to communicate with customers across multiple channels including voice, e-mail, SMS, pager, Web and fax. Varolii’s on-demand, hosted platform currently handles on average more than 3.5 million notifications each business day, including flight cancellation notices, credit card fraud detection alerts, scheduling of service calls, medication adherence notifications and payment reminders.
We first invested in EnvoyWorldWide, and in December 2005, Varolli acquired Envoy and we received Varolii stock. Since then, these two companies have powered to build a best in class on-demand interactive communication solution. As the market leader in their space, we are very exited about the public company potential for Varolii.
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