sprex logo
Sprex > Company Information > ANSR Elevator Speech
Banner Image
      
 

 

 

 

 

SprexTM Home

TallyGramTM

ANSRTM

TeachionaryTM

SprexPassTM Passwords

PhonolyzeTM

Lip-Synch MachineTM

Consulting Services

SprexOutTM TTS

Co-WorkTM

Exit

 

 

 

 

 


Sprex, Inc. in a Nutshell

In November 1999, Microsoft acquired Entropic, Inc., the technological leader in speech recognition, in a $90M buyout returning ~1500% to its VC investors after ~15 months. Targetting technical staff and code rather than its niche market of speech engineers, Microsoft terminated all Entropic's products -- and reserved ~$13M against customer lawsuits. They also enabled Sprex, Inc., Entropic's external consulting and sales rep for the Western Hemisphere, to support their OEM customers, via a nearly unrestricted source code license. Sprex suddenly attained technological parity with IBM, Philips, Nuance, and SpeechWorks. Sprex is leveraging this position to achieve significant profits and market share in the speech industry.

Sprex' vision is "Speech in the Network"TM: Anyone, anywhere, will be able to talk to any product or service through the network using our software. Sprex' mission is to sell and further develop ANSRTM, our internet infrastructure for spoken dialog systems, to see it widely & profitably deployed. Fundamentally we are driving sales and marketing while managing the gross profit margin, and delivering solutions in synch with revenue projections and support needs.

Sprex has six paid staff presently. Our CEO is Thomas C. Veatch, Ph.D.; he has deep and long technical experience in speech software, with nearly two decades of academic and industry experience in speech, as well as nearly a decade of speech technology sales and marketing experience. Sprex' operating plan to carry out this mission is in place. Sprex has achieved several important technical and sales milestones including beta release, first customer deployment, first royalty checks received, and positive cashflow.

Our action-oriented, network distributed speech recognition engine, ANSRTM, has been sold to a number of customers. Our first OEM-class ANSR customer is already in deployment with excellent user adoption and accuracy (80% of hand-keyable transactions are done by voice; recognition accuracy on their small, speaker-adapted task has been measured in the laboratory at 1394 words correct out of 1394 words total).

Sprex seeks equity investor funding to speed product development and grow our sales efforts to achieve significant market share in today's rapidly-moving competitive environment. For more information please contact Tom Veatch, at tv@sprex.com or +1-206-367-7741.


Copyright © 1996-2005 Sprex, Inc. All rights reserved.
Date: September 9, 2010