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SpinVox: a Company With Potential Voicemail Technology Phenomenon

Date 21/11/2006
Penny Sleuth | By Melissa Carroll

Here's an interesting fact I discovered this morning...

Did you know that the average business person wastes 10 -15 minutes each day listening to their voicemails?

Well, it's true and it got me thinking...

That equates to 3% of an average annual salary. Multiply that by one hundred employees and it easily adds up to a loss of over £150,000 per year.

Multiply that again by the number companies in the Capital alone and you've got... well... a lot of wasted money.

"Goddamn it! Why are you blasting me with so many facts and forcing me to do sums on this cold blistery Tuesday?"

For good reason...

Just by chance I discovered a brilliant little company that solves this problem. I'll explain how in a moment - but if it takes off and gets a listing you could be looking at the next technology phenomenon.

I'll start from the beginning...

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The next Google?

I was chatting to a friend of mine called Alan Stilwell over the weekend, the Business Development Manager at SpinVox.

We got to talking about the business and he told me the crux of what they do.

I was instantly hooked!

“It’s going to be bigger than Google,” he enthused.

With his infectious excitement and my nose for a good opportunity I simply had to find out more.

It all started in a huff

SpinVox is the brainchild of co-founder and CEO Christina Domecq.

And it all started in a huff...

She was fed up to high heaven of wasting time listening to her voice messages.

Not just that, she ended up losing a sizeable contract through a missed message.

This was the last straw. A new technology was needed!

The answer?

Voicemail to text! Simple as that.

SpinVox converts your voicemails into text messages and sends them straight to your mobile phone or email.

Check out the full low-down on how this simple, but ingenious, idea works by visiting: www.spinvox.com

You'll never need to write anything down ever again

SpinVox eliminates the need to go through complex voicemail menus.

There is no need to search for a pen and paper while in the middle of doing something else.

SpinVox users can discreetly view voicemails on their phone’s screen while in a meeting, on a train, in a theatre or restaurant. You can even text a quick reply, without having to call your voicemail.

You won't have to remember who called and you'll never need to jot down the details of whoever called in the first place.

This ability to stay in touch no matter how busy you are could make the difference between winning and losing a critical business deal.

According to a recent YouGov survey, 85% of us waste far too much time replaying the same voice message to note down the key details. 45% of us struggle with background noise, complex playback controls, and have too many other things to do at the same time.

How you could save your business thousands each year

SpinVox has another string to its bow...

It could save businesses that operate internationally THOUSANDS as the cost savings for employees that travel abroad are substantial.

A company no longer need pay for an international call each time their employees retrieve a voicemail.

This nifty technology can also be handy in your personal life. (There'll be no more shouting at the person standing next to you at the bar after he's interrupted you for the fifth time.)

In fact, I could have done with SpinVox on Saturday night when I was trying to call my scatty youngest sister to wish her happy birthday. Trying to make arrangements to meet was impossible!

Not surprisingly, SpinVox were named Science and Technology Entrepreneur of the year at the prestigious Ernst and Young Awards in October.

So keep a close eye on this company...

I wouldn’t be in the least bit surprised if they gained a stock market listing at some point over the next year.

Bye for now,

Melissa Carroll

for The Penny Sleuth

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