AppTek Acquires the Omnifluent Human Language Technology from Leidos
Applications Technology (AppTek) has acquired the Omnifluent Human Language Technology software and related business from Leidos for an undisclosed amount. The intellectual property includes automated speech recognition and machine translation software that allows for bi-directional and uni-directional language pairs encompassing more than 30 languages and dialects.
AppTek, which is based in McLean, Va., is a provider of automatic speech recognition and machine translation technology. Its Hybrid Machine Translation engine fuses rules-based and statistics-based engines. Applications for the company's machine translation and speech recognition technology include media monitoring, closed captioning, subtitling, mobile devices, and telephony solutions. AppTek licenses its technology to both government and commercial clients.
According to research firm Markets and Markets, the natural language processing sector, which includes interactive voice response, speech analytics, machine translation, and dictation technologies, will grow from $3.8 billion in 2013 to $9.9 billion in 2018, representing a compound annual growth rate of 21.1 percent. "Rapid evolution of the media landscape provides us the opportunity to expand our solution and services to international commercial clients," said Mudar Yaghi, co-CEO of AppTek, in a statement.
"The growth in video and social networking sites has greatly contributed to the amount of unstructured content on the Web," said Mohammad Shihadah, co-CEO of AppTek, in a statement. "Our technology can leverage this unstructured data by optimizing lingual response systems."