Oxford Capital Partners invests in Compliant Phones ahead of new FSA regulations

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Leading investor backs patented Inline Mobile Recording™ solution

London, 2nd June 2011 – Oxford Capital Partners (OCP), a specialist private equity organisation, has led a £2m ($3.2) investment in Compliant Phones, the UK’s leading independent mobile and voice recording company, to accelerate the global roll out of its Inline Mobile RecordingTM technology and services. This solution has been designed to support the financial community, ahead of new Financial Services Authority (FSA) mobile recording regulations, coming into force in November 2011. 

Colin Watts, Investment Director at Oxford Capital Partners, said: “We are very pleased to support the roll out of this innovative technology which will enable global organisations to address their risk-management and compliance requirements in a fully connected communications environment.”

Watts added: “We undertook an exhaustive review of the options before deciding to invest in Compliant Phones. We’re confident Compliant Phones has the best solution to ensure the financial market is ready to adopt new FSA mobile recording regulations in November—and the innovative thinking and know-how to stay at the forefront of this exciting new market.”

Vodafone Global Enterprise, the business within Vodafone which manages the communications needs of its largest multinational customers, uses Compliant Phones’ intellectual property within its Vodafone Mobile Recording solution. This service enables regulated financial firms to record all incoming and outgoing mobile calls, voicemails and texts in anticipation of new regulations on compliance.

Compliant Phones’ second-generation Inline Mobile RecordingTM technology has been specially developed to work across any network, worldwide, overcoming the limitations of network-only based solutions for global customers. It also eliminates the need to change phone numbers or air-time provider. Patent-protected technology gives the user fast and transparent operation for the best possible experience through either a cloud-based service or an enterprise solution which is located behind the corporate firewall.

The latest technology from Compliant Phones provides the highest level of compliance out of any system on the market needed to fully meet the FSA Taping of Mobile Phones regulation. From November 2011, it will be mandatory for UK financial service businesses to record mobile calls and text messages involving the giving of advice and taking orders, no matter where the call is placed or received, in the home network or whilst roaming. Similar legislation is being enacted across other European states, most recently in Norway, under the umbrella of the EU Markets in Financial Instruments Directive (MiFID).

Curtis Nash, Compliant Phones’ CEO, added: “Mobile recording regulation is an important new market opportunity for Compliant Phones, so we welcome today’s support from Oxford Capital Partners. Our strength in this sector is that our recording solution provides a fast, transparent and flexible solution for the global financial services market.  Trading is a global twenty-four seven activity and Compliant Phones’ technology provides solutions to meet this environment and deliver compliance to financial institutions of any size.”

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For further information please contact:

Ted Mott, Oxford Capital Partners     01865 860760

Mike Lord, Lord Public Relations       07831 401 311

Paul O’ Grady, Metia PR     020 3100 3511

 

About Compliant Phones 

Compliant Phones is a UK-headquartered company with offices in New York and Singapore offering a complete solution for voice and data recording. Established in 2005, Compliant Phones enables organisations to comply with regulatory compliance by providing technology as a hosted and on-premise solution to meet business needs to ensure continuity and minimal disruption.

Compliant Phones’ Inline Mobile RecordingTM technology is protected by international patents. For more information visit www.compliantphones.com/about/intellectual-property.

"Inline Mobile Recording" is a trademark of Compliant Phones.
 

Notes to editors

Founded in 1999 Oxford Capital is a specialist investment manager working on behalf of institutional and private investors.  Its focus is on investing in emerging companies around three super-growth themes of communications, healthcare and sustainability. Its expertise lies in accelerating businesses with potential for high growth into global markets.

Oxford Capital currently oversees a portfolio of around 25 companies, many of which have expanded into international markets in Europe, the US, Latin America, the Middle East and Asia.

The firm manages a range of funds designed for private investors, family offices and institutions to access growth capital opportunities and alternative investments. In the UK, Oxford Capital pioneered the tax efficient Enterprise Investment Scheme (EIS) fund which offers a range of tax advantages to investors.

Oxford Capital has offices in the UK and in Switzerland and manages an international network of partners and advisers to support the development of its portfolio companies.

 

Awards

  • Unquote British Private Equity Awards 2010
    Finalist: Venture House of the Year Award
  • Investor Allstars Awards 2010
    Finalist: Equity Gap Fund of the Year
  • Enterprise Investment Scheme Association Awards 2006.
    Winner: Best EIS Fund Manager
  • Investor Allstars Awards 2006
    Winner: Young Personality of the Year (David Mott)
  • Unquote Private Equity Awards 2005
    Winner: Venture Capital House of the Year

Important Information

Your capital is at risk by investing in the above products and you should not consider an investment if you are not able to bear this risk. EIS tax advantages are only available to UK tax resident investors and legislation is subject to change. Oxford Capital does not give tax advice and if you are in any doubt about aspects of the EIS legislation then please contact a tax advisor.

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