[February 19, 2014]

Voxware Powers Through First Half FY 2014 With Significant Growth in SaaS Bookings

Voxware (News - Alert), an innovative voice software provider, today announced it has realized significant growth in overall bookings during the first half of FY 2014, including a marked growth in SaaS (News - Alert) bookings. The company attributes much of this success to the market's high demand for more flexible cloud-based voice offerings that are easier to use, quicker to deploy, and less to maintain than on-premise solutions.

Voxware, which provides hands-free voice solutions that enable employees to safely and accurately speed through tasks, saw high double-digit growth in total bookings during the first half of FY 2014 compared to the first half of the previous year, and exceeded expectations in SaaS bookings during the same period. Further, this last quarter marks the seventh consecutive quarter of growth for Voxware.

Companies of all types and sizes have been attracted to the Voxware Cloud Voice Management Suite (VMS), whichprovides a scalable solution that enables organizations to enhance operational productivity, improve accuracy, and better serve its customers without investing in costly IT infrastructure. Driving this transition to the cloud are the operational headaches that warehouses have experienced with on-premise solutions, including building the technology infrastructure and running time-consuming updates that cause costly downtime. Just like managers in other areas of the organization, supply chain executives are increasingly interested in moving to the cloud in order to cut risks and costs, as well as keep pace with the changing commerce landscape.

"The dramatic growth we've seen during the first half of this year compared to the last is proof that the market is looking to modernize their warehouses with the latest voice technology in order to effectively meet their evolving supply chain requirements," said Keith Phillips, President and CEO, Voxware. "Cloud-based voice solutions give companies the capabilities they need to address today's rapidly changing commerce landscape and the rising expectations consumers have for fast and accurate delivery. Organizations who do not employ the newest technologies will be unable to provide the same level of customer service and will be at a competitive disadvantage in the marketplace."

Further, several Voxware customers went live within the first six months of FY 2014. A sample of these customers include: BFP Wholesale, Buffalo Rock, ID Images, Intertape Polymer Corporation, Mt. Pleasant Ice Cream, Monterrey Provision Company, Whole Foods Market, and Wagner Spray Tech.

About Voxware

Voxware helps organizations with teams who are on the move to more effectively receive, act on, and communicate information critical to their work. Our hands-free voice solutions enable employees to safely and accurately speed through tasks, thereby boosting operational productivity and improving customer experiences. What's more, Voxware easily adapts to changes in technology and processes, enabling organizations to quickly address shifting demands without disruptions to the operation. Our innovative approach to voice communication has proven to help our customers increase profitability by cutting costs and enhancing brand loyalty. For more information, please visit www.voxware.com.

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