iVoice Announces a Fully Speech Integrated IVR
MATAWAN, NJ - iVoice, Inc. (OTC Bulletin Board: IVOC), a developer of speech recognition technology, announced that its Interactive Voice Response System (IVR) has been fully integrated with speech recognition capabilities. By combining iVoice's speech recognition technology with proprietary IVR user interface, iVoice is able to deliver a solution capable of providing speech applications to handle transactions such as order fulfillment or obtaining shipping information, obtaining flight information, initiating banking or retail transactions, obtaining product warranty information, confirming reservations, or any other interactive transaction via telephone. The market for speech-enabled IVR and auto attendant systems is growing at a steady clip. Mountain View, CA-based market research outfit Frost & Sullivan pegs the industry at $2.5 billion-plus and rising at 25% compounded annual growth rate (CAGR).