, Inc. announced that industry research firm Frost and Sullivan has selected the SpeechWorks Division of ScanSoft for the "2004 Speech Technologies Market Leadership Award."
The SpeechWorks division was recognized for excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics. The SpeechWorks division earned the Frost and Sullivan Speech Technologies Market Leadership Award based on the following criteria:
- 2003 North American Market Share Leadership Position
- North American License and Services Revenue Growth Rates
- Brand Name Recognition and Mind Share
- Market and Technology Innovation
"When evaluating the strict criteria Frost and Sullivan developed for this particular award, it's clear that the SpeechWorks division of ScanSoft is the market leader in speech technologies," said Elka Popova, lead analyst at Frost and Sullivan. "With the 2004 Speech Technologies Market Leadership Award, we are recognizing the SpeechWorks division for its unmatched portfolio of speech solutions that help businesses save time and money."