Ditech Networks (NASDAQ:DITC) today announced that it recently entered into a contract with a major European mobile carrier for voice to text services. Ditech Networks is now working closely with this carrier to trial and launch voicemail to text and related applications to mobile subscribers across Europe.
"Last February, Ditech announced that the PhoneTag Auto service had been extended to include additional languages, including Spanish, French, and German," said Ken Naumann, president and CEO of Ditech Networks. "We believe that this capability was instrumental in our win with this carrier." The additional languages enable carriers in Europe and South America to offer a wider range of value added voice services, using the highly accurate PhoneTag Auto platform.
PhoneTag Auto is a fully automated voicemail transcription service that, in a third party study of automated English transcription services, surpassed several other competitors in accuracy and consistency. PhoneTag Auto is available as a cloud service, or on premises behind the firewall for enterprises with a need to preserve data within their own network. In addition to its PhoneTag Auto offering, Ditech also offers PhoneTag Hybrid and PhoneTag Live in multiple languages today.
About Ditech Networks
Ditech Networks is revolutionizing modern communications with advanced voice processing solutions and voice applications that offer network and speech quality enhancement, speech-powered web access, voice-to-text services, and more. Ditech believes in the power and simplicity of human speech. Its technology is designed to deliver compelling voice capabilities to emerging forms of communication like social networking and text messaging, allowing consumers to use voice in ways that make sense in today´s Web 2.0-savvy world.
Leveraging over 20 years of deployments with communications providers around the world, Ditech offers unique, effective products and services that put the subscriber´s experience first, assisting carriers with revenue generation, service differentiation, network expansion and call capacity. Ditech´s customers include Verizon, Sprint/Nextel, Orascom Telecom, AT&T, China Unicom, Global Crossing, and West Corporation. Ditech Networks is headquartered in Mountain View, California. For more information, visit www.ditechnetworks.com.
Cautionary Statement
This press release contains statements relating to Ditech Networks´ contract with a Tier 1 European Mobile carrier. This contract does not provide for guaranteed revenues or deployments by this carrier. Actual revenues and deployments may not materialize as a result of a variety of factors, including the carrier may delay deploying, or not deploy, Ditech Networks´ voicemail to text solutions due to capital expenditure constraints, the product´s capabilities, Ditech Networks´ competitors may develop products and services that compete favorably with Ditech Networks´ products and services, or for other unanticipated reasons. Further risks inherent in Ditech Networks´ business are detailed in the section entitled "Risk Factors" in Ditech Networks´ Annual Report on Form 10-K for the fiscal year ended April 30, 2011 (filed July 28, 2011 with the Securities and Exchange Commission).
