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Riverside Partners Completes Growth Equity Investment in Vocollect, the Leader in Voice Solutions for Supply-Chain and Healthcare Workforce Management
Date:7/7/2009

BOSTON, July 7 /PRNewswire/ -- Riverside Partners, based in Boston, Mass., is pleased to announce that it has completed a growth equity investment in Vocollect, Inc. This investment is designed to accelerate Vocollect's growth through a variety of ongoing initiatives including, geographic expansion and product development efforts, as well as to expand the penetration of Vocollect Voice into markets beyond supply chain and healthcare.

Vocollect is the world leader in voice enabled workforce productivity solutions for mobile workers. Vocollect's supply-chain business was founded more than 20 years ago. The company provides voice applications for use across core supply-chain functions, such as distribution centers and warehouses. Vocollect helps customers reduce costs, increase worker productivity and accuracy, and improve safety and worker satisfaction. Every day Vocollect Voice is used by over 250,000 workers worldwide to distribute more than 2 billion dollars' worth of goods to customer locations.

Vocollect Healthcare Systems' AccuNurse voice-assisted care solution is used by nurse aides for the management and documentation of patient care in skilled nursing facilities (SNFs). Organizations using AccuNurse benefit from reduced paper processing, lower operating costs, increased reimbursements and improved quality of care.

"Vocollect's voice-enabled workforce productivity systems are widely recognized for streamlining supply-chain workflows, and enhancing worker performance and accuracy. Beyond their success in the supply-chain business, we were impressed by the success of Vocollect's management in leveraging the company's core technology to enter the healthcare IT market. Vocollect's healthcare products enable SNFs to deliver more effective patient care, increase worker productivity, and reduce the administrative costs of compliance. Riverside is excited to partner with Vocollect's co-founder and CEO Roger
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SOURCE Riverside Partners
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