View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 2, 1997updated 05 Sep 2016 12:49pm

VOCALIS LOSSES UP, BUT IT CLAIMS PROGRESS TOWARD GOALS

By CBR Staff Writer

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.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU