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Nexidia Secures $13 Million

Nexidia, a leading provider of audio search and speech analytics solutions for government intelligence, contact center management, rich media content producers and the legal industry, raised up to $13 million in financing from leading investment bank, Morgan Stanley. This financing will support Nexidia's aggressive growth initiatives, as it will expand its product portfolio and customer base. Morgan Stanley joined existing investors H.I.G. Ventures, Boston Millennia Partners, Paladin Capital Management, Cordova Ventures and SAIC Venture Capital.

"Morgan Stanley's capital commitment is a true testament to our business and leadership position within the industry," said John Willcutts, Nexidia's CEO. "We are pleased to have the endorsement of one of the world's leading investment banks and look forward to expanding Nexidia's presence in the market."

Nexidia's highly scalable and accurate audio mining and speech analytics software is the easiest solution to deploy and use in the market today. The company's recently-launched Nexidia OnDemand offering makes it even less complex by enabling contact centers to quickly access intelligence locked away in recorded audio without mandating expensive upgrades to their recording infrastructure, additional investment in hardware or software, or problematic installations on the agent desktop.

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