Speech technologies provider Loquendo
, has continued to introduce a number of new solutions and languages as it expands into new markets and increases its international presence.
The company has now announced that, for the fifth consecutive year, it has produced profits. This year especially, the company is acknowledging its profitability as economic downturn plagues most of the market.
The companies continued profitability year over year helps to establish it as a financially sound and reliable solution for its customers and partners.
The company is also continuously adding to its portfolio of languages and voices and its solutions are used in navigation, voice portals, virtual Web assistants, phone banking, IVRs and CRM, and more.
The company’s financial statements, which were recently approved by their Board of Directors, showed an overall revenue growth of more than 20 percent compared to 2007.
In the past year, Loquendo (News
) expanded into many international markets, including North America and Europe and was able to capitalize on the success of telematics in navigation devices which more than doubled in 2008. As a result, the company also celebrated the sale of the 7 millionth navigation device with the Loquendo Automotive Speech Solution on-board this year.
“2007-8 saw considerable evolution in the speech market,” says Davide Franco (News
), Loquendo CEO.
“The expansion of speech technology in applications for mass market and mobile led to a growth in consumer interest, bringing down prices and driving market consolidation - reducing the number of players in the sector. Against this background, and in the midst of a recession, it is no small achievement that Loquendo has maintained such a healthy turnover.”
Stefania Viscusi is an assignment editor for TMCnet, covering VoIP, CRM, call center and wireless technologies. To read more of Stefania’s articles, please visit her columnist page.
Edited by Stefania Viscusi