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Voxware Details Financial Growth [Health & Beauty Close - Up](Health & Beauty Close - Up Via Acquire Media NewsEdge) Voxware, a voice software provider, announced it has realized growth in overall bookings during the first half of FY 2014, including a marked growth in SaaS bookings. According to a release, 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), which provides 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." More information: www.voxware.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. [ Back To TMCnet.com's Homepage ] |