In spite of seeing increased losses, Cambridge, UK-based speech recognition company Vocalis Plc says it made considerable progress on all fronts in the year to March 31. Chairman Roy Cotterill says the company has moved well towards the goals it set before last year’s flotation (CI No 2,947), which raised $7.3m on the London Stock Exchange. Vocalis saw losses of $3.2m, up from $2m last time on revenue up 275% to $3.3m. It operates in three major markets, PTO Public Telephone Operator services, corporate call centers and telephone operator assistance. It has set up a key OEM agreement for LM Ericsson Telefon AB to market its PTO Intelligent network applications, running on its Speechtel system, worldwide. Telephone banking continues as a strong market for the company’s business application systems, and the company has entered the telephone operator assistance market with the development of a product called Operetta, which attaches to a company’s phone system and automates the dialogue that would normally take place with an operator. Vocalis says it has now set up distribution channels in both the UK and US. Figures were calculated at a rate of $1.665 to the pound.
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