Date: Monday, December 12th, 2016
Percent revenue growth 502% attributed to developing a highly accurate speech recognition system in multiple languages
Cambridge, United Kingdom, 12th December 2016 — Speechmatics today announced it was ranked as one of the Deloitte Technology Fast 500™ EMEA list, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in Europe, the Middle East and Africa (EMEA). Speechmatics grew 502% percent during this period.
Speechmatics’ CEO, Benedikt von Thuengen says “this growth has only been possible because of the brilliance of our technology team led by Tony Robinson (Founder and CTO), who have built a highly accurate and very easy to use speech recognition system that made it very easy to sell”. The technology is now being used across a highly diverse number of use cases, ranging from call recording solutions to content discovery. The recent revenue growth has been fantastic and this year we launched nearly 20 languages which should support strong revenue growth going forward.”
“Innovation is more than technological advancement; it’s also a state of mind,” said Paul Sallomi, vice chairman, Deloitte LLP and global technology, media and telecommunications industry leader. “The winners of the Deloitte Technology Fast 500 program in EMEA recognize that this new type of thinking is essential for business success. We look forward to your continued leadership in introducing new tools that can enhance the personal lives of consumers, and drive growth for companies worldwide.”
About the Deloitte 2016 Technology Fast 500 EMEA program
The Deloitte Technology Fast 500™ EMEA program is an objective industry ranking focused on the technology ecosystem. It recognizes technology companies that have achieved the fastest rates of revenue growth in Europe, the Middle East, and Africa (EMEA) during the past four years. The program is supported by the Deloitte Technology Fast 50 initiatives, which rank high-growth technology companies by location or specifically defined geographic area, and are run by the Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group. More information on the program and prior year winners is available at www.deloitte.com/fast500emea.
Now in its sixteenth year, the Deloitte Technology Fast 500 EMEA program in 2016 included over 20 countries, including Belgium, France, Finland, Germany, Italy, the Netherlands, Turkey and the UK. This year’s winners were selected based on percentage fiscal-year revenue growth from 2012 to 2015.
In 2016, Deloitte Technology Fast 500 EMEA companies achieved revenue growth ranging from 212 percent to 28,126 percent from 2012 to 2015, with median growth of 967 percent.
As used in this document, “Deloitte” refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about to learn more about our global network of member firms.
Speechmatics (www.speechmatics.com) provides the world’s smartest speech technology harnessing the latest advances in deep learning.
Founded in 2006 Speechmatics draws on the technologies pioneered by Dr Tony Robinson during his PhD research into Recurrent Neural Networks in the 1980s and has developed new ways of using deep learning. These are combined with the very latest developments from academia and industry.
The automatic speech recognition system powers a wide range of different applications that all depend on converting speech to text as the initial step. Speechmatics has developed universal models that can be used in any use case without any further training. As a result, Speechmatics’ clients are using technology to improve their commercial value, ranging from data predictive analytics to language assessment or content discovery.
Speechmatics has a world class, international research R&D team comprising of multiple PhD researchers. Their unique approach to deep learning pushes the boundaries of what is possible in speech recognition, enabling faster, more accurate and more powerful communications in the digital age.
This technology enables businesses to get a better understanding of their customers and employees, allowing organisations to improve efficiency and daily processes, across many languages, and re-establish speech as the main form of human: machine interaction.