Crescendo Equity Partners, a domestic private equity fund manager (PEF), acquired the Czech voice security software corporations Phonexia.
Crescendo said on the 4th that it acquired 100% equity in Phonexia. The acquisition amount is in the tens of billions of won.
Phonexia is a voice analytics platform development corporations founded in 2006. The technology is used to identify the speaker, estimate gender and age group, distinguish languages, and convert speech to text. In 2018, Phonexia also succeeded in commercializing, for the first time in the world, technology that identifies speakers using deep neural networks.
Crescendo invested through its third blind fund, created in Dec. 2021, totaling 1.1 trillion won. Regarding Phonexia, Crescendo expects expansion into markets such as public sectors including investigation, intelligence, counterintelligence, and security, as well as customer centers in finance, telecommunications, electronics, and mobile.
Park Sung-min, deputy CEO of Crescendo, said, "Phonexia is a global powerhouse in voice security that has proven its competitiveness in Europe's public market," and added, "As deepfake and voice fraud threats increase, Phonexia's technology holds great potential."