Nexidia’s (News - Alert) award-winning speech analytics technology is in use by a range of major companies, but now the audio search and review software provider has added another prominent organization to its growing repertoire of customers.
The U.S. Securities and Exchange Commission has installed Nexidia’s Audio Discovery software for the review of audio content produced in financial industry investigations.
With a goal to protect investors, uphold fair, orderly and efficient markets, and aid in capital formation, the SEC (News - Alert) oversees investigations involving trading activity. Of course, this involves large amounts of audio recordings that require weeks or months to process. Rather than manually listening to archives and be more at risk for inaccuracy, the SEC will now be able to process and review audio recordings more rapidly and efficiently than traditional methods.
“We’re pleased the SEC has chosen Nexidia Audio Discovery for reviewing audio content in their regulatory investigations,” said Jeff Schlueter (News - Alert), vice president of Legal Market for Nexidia. “The SEC joins a growing list of regulatory agencies both in the U.S. and abroad that have selected Nexidia for reviewing audio in a timely and cost effective manner.”
Nexidia’s Audio Discover solution enables organizations to monitor, review and quickly produce audio recordings for compliance and legal discovery. By leveraging the impact of voice recordings in litigation, compliance, internal investigations and regulatory matters, Audio Discovery completes the reviews at a fraction of the cost of manual review or transcription.
Nexidia is constantly searching for new ways to develop its comprehensive intellectual property portfolio aimed at exponentially improving the speed and functionality of its collection of phonetic search solutions. Recently, the company invested in two new speech analytics patents, “Multi-Resolution Searching” and “Spoken-Word Spotting Queries,” which will aim to advance phonetic indexing and search and help meet customers’ needs for superior applications.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2011, taking place Sept. 13-15, 2011, in Austin, Texas. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.
Tammy Wolf is a TMCnet web editor. She covers a wide range of topics, including IP communications and information technology. To read more of her articles, please visit her columnist page.
Edited by Jennifer Russell