DynaVox to Explore Strategic Alternatives

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DynaVox Inc.
DVOX
, a leading provider of speech generating solutions and symbol-adapted special education software to assist individuals in overcoming their speech, language and learning challenges, announced today that the company has engaged Bulger Partners, an international firm providing financial advisory and strategy consulting services to technology-driven organizations, to advise the company on strategic alternatives, including identifying and evaluating potential business combination transactions and refinancing structures. DynaVox and its lenders have entered into a forbearance agreement and amendment to its $15 million senior secured credit agreement to address the company's present default, which will allow the company to explore and develop strategic alternatives.  DynaVox intends to continue with its operations in the ordinary course and expects no impact on its customers, vendors, or employees as it works with Bulger to identify and pursue potential business combination transactions, refinancing structures and other strategic alternatives.
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Posted In: NewsGuidanceM&AGlobal
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