Dial2Do Secures New Funding to Further Expand Hands-Free, Voice Activated Messaging Service

DUBLIN--(EON: Enhanced Online News)--Dial2Do, a technology company that enables hands-free communications including email and SMS, today announces the successful completion of a capital raise to support the continuing development of its voice activated, hands-free messaging system. The capital raising will enable Dial2Do to continue to enhance it’s service-offering and develop additional partnerships in the hands-free, voice activation market, with a specific focus on the US market, which is the largest developed handset market in the world.

“Across the globe, the problem of distracted driving continues to grow and we are seeing an increased demand for hands-free communications both for productivity and for safety”

Dial2Do lets people remain completely connected while driving or at other times where device users may be unable to use their hands. Powerscourt Capital Partners, a Dublin-based private equity and venture capital firm and Enterprise Ireland, the Irish government agency focused on the development and promotion of the indigenous business sector, participated in the fundraising. Powerscourt invested through its Powerscourt ITC BES fund which invests in early stage high potential companies.

“Across the globe, the problem of distracted driving continues to grow and we are seeing an increased demand for hands-free communications both for productivity and for safety,” said Ivan MacDonald, CEO of Dial2Do. “Powerscourt Capital Partners and Enterprise Ireland recognize the potential inherent value in our service and we are pleased that they have placed such a great deal of confidence in Dial2Do.”

Dial2Do’s technology enables users to send emails, SMS (text messages) and perform other tasks primarily through voice activation. Users simply dial a number and speak the action and message. The message is converted by Dial2Do and sent to the recipient in text form. Users can also access more than thirty of the most popular social networking and Web destinations using Dial2Do, such as Twitter, Facebook and Google Calendar.

“Dial2Do’s offering addresses a real need in global communications marketplace – the need to remain safely connected in a hands-free environment,” said Sean Melly, Chairman, Powerscourt Capital Partners. “The Dial2Do technology is proven and they have a strong management team to deliver on their growth objectives.”

Dial2Do is currently engaged with a number of headset manufacturers with a view to embedding the Dial2Do offering within the headset devices. This market presents a significant opportunity for Dial2Do as there will be over 100 million such devices sold in 2009 alone. Additionally, legislation is being introduced around the world which prohibits the use of mobile phones and other devices for text and other data services while driving, creating additional significant opportunity for a proven, robust, voice-activated communications capability.

Dial2Do expects to expand its management team while continuing to invest in product development. Sean Melly, Chairman of Powerscourt Capital Partners, will also join the Board of Dial2Do.

About Dial2Do

Dial2Do lets users do more with hands-free devices. Through a voice activated network, Dial2Do users can send emails and text messages simply by using their voice. Dial2Do users can also access more than thirty of the most popular social networking and Web destinations using Dial2Do, such as Twitter, Facebook and Google Calendar. Dial2Do was formerly part of Rococo Software, a provider of Bluetooth enablement software to handset manufacturers. For more information or to trial the service, please visit www.dial2do.com.

About Powerscourt Capital Partners

Powerscourt Capital Partners is a private equity and venture capital boutique based in Dublin, Ireland. Powerscourt operates the Powerscourt ITC BES fund, providing early stage funding to high potential startups and developing companies. Please visit www.powerscourtcapital.ie.

About Enterprise Ireland

Enterprise Ireland (EI) is the Irish government agency responsible for the development and promotion of the indigenous business sector. EI’s mission is to accelerate the development of world-class Irish companies to achieve strong positions in global markets resulting in increased national and regional prosperity. Through an extensive network of Irish and international offices, EI works with clients to assist them to compete and to grow. Please visit www.enterprise-ireland.com.

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