Speech-to-Text Joint Venture Formed to Enable Global Media Monitoring
March 05, 2014 --
FAIRFIELD, Conn. and TRENTO, Italy, March 5, 2014 /PRNewswire/ --TVEyes Inc. and PerVoice S.p.A. announced today the formation of a new company that will enable the extension of TV and radio broadcasting monitoringin any language,to any market worldwide. TVEyes Language Technology (TLT) is a partnership between TVEyes Inc., a U.S.-based international broadcast monitor, and Italian PerVoice S.p.A., an innovator in speech-to-text technologies (also known as large-vocabulary continuous speech recognition or LVCSR).
"TVEyes Language Technology, leveraging PerVoice proprietary technology for speech recognition, will enable us to add new languages to our platform with unprecedented speed and efficiency. It is applicable to every spoken language, including regional accents, and the economics can work for nearly any size market," said David Ives, CEO and founder of TVEyes. "In addition, if a country or region becomes of urgent interest to a particular client or set of clients, we can add real-time media monitoring for that country and language with rapid turnaround."
TVEyes Language Technology is majority-owned by TVEyes Inc., enabling government and military technology buyers that require vendors to be majority U.S.-owned to procure its services. Locating TVEyes Language Technology in Trento, Italy enables its employees to work collaboratively with PerVoice on its technology and team of linguists, building on the success the partners have achieved over the last two years, during which they launched six new languages for the TVEyes Media Monitoring Suite. Thanks to the cooperation of Pervoice which will provide new technologies, TVEyes can now be aggressive in adding new countries and languages to its Media Monitoring Suite and provide new languages to meet customer requirements in three months or less.
Alessandro Tescari, CEO of PerVoice said, "It was a natural step for the two companies to make a joint investment in TVEyes Language Technology. PerVoice proprietary real-time speech-to-text enables a broad range of applications including call center advanced analytics, subtitling and dictation. These differing environments have required us to build very adaptable language models, providing a strong foundation that has catalyzed TVEyes expansion into major markets of Europe, the Middle East and Asia."
"PerVoice, which recently entered in the Almawave Group, will continue investing and developing its distinctive technologies for international markets and will soon present an integrated solution for the wider landscape of Big Data Insights. We are sure that both companies will benefit from a cross-pollination of ideas and experience," Tescari concluded.
TVEyes Inc., headquartered in Fairfield, Conn., provides online, real-time search and indexing for television and radio broadcasts, and audio and video search infrastructure for search engines. Its Media Monitoring Suite is in use by corporations, professional sports teams, political campaigns, elected officials and the military to provide up-to-the-second intelligence on broadcast in multiple languages for U.S. and international markets. More information can be found at http://www.tveyes.com.
PerVoice S.p.A., start-up of the "Fondazione Bruno Kessler" Research Labs and other local enterprises, is the first Italian company specialised in processing, analysing and evaluating of spoken language. PerVoice vocal solutions cover a wide range of ASR applications for Broadcasting, Monitoring, Speech Analytics, Reporting and Dictation business. More information can be found at http://www.pervoice.com
In 2013, PerVoice entered in the Almawave Group, a technology provider in the area of knowledge management, big data and advanced analytics, highly focused on CRM and customer experience platforms with over 200 employees in different countries. More information can be found at http://www.almawave.com
SOURCE TVEyes Inc.
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