Tuesday, April 20, 2010

Company That Makes Communication Devices Plans IPO

I know so many people who have used this company's devices and it is truly amazing how it can give children and adults with disabilities a voice.

SEATTLE — DynaVox Inc., which makes special education software and devices for people who are unable to speak, is looking to raise about $150 million in an initial public offering this week.
DynaVox, based in Pittsburgh, plans to use some of the proceeds from the IPO to buy equity interests in the business from existing owners, including members of its senior management.
About 82 percent of DynaVox's revenue comes from its speech generating technology business. The company makes a line of devices used by people who cannot speak, such as people with Lou Gehrig's disease, strokes or traumatic brain injuries, and children with cerebral palsy or autism.

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