With continuous growth, the natural language processing sector covering the interactive voice response, speech analytics, machine translation, and dictation technology arenas, is poised to further grow from $3.8 billion in 2013 to $9.9 billion in 2018, representing a major shift.
Applications Technology is a software company specializing in human language technology with a primary focus on machine translation and automatic speech recognition. With a wide range of products and services, the company has been empowering the IT industry and software applications with advanced linguistic features and multi-lingual capabilities.
In a recent statement, the company confirmed that it has acquired the Omnifluent Human Language Technology software and related business from Leidos, Inc.
“Rapid evolution of the media landscape provides us the opportunity to expand our solution and services to international commercial clients,” Mudar Yaghi, co-chief executive officer of AppTek said in a statement.
“The growth in video and social networking sites has greatly contributed to the amount of unstructured content on the Web. Our technology can leverage this unstructured data by optimizing lingual response systems,” Mohammad Shihadah, also co-chief executive officer of AppTek, added.
AppTek relies on a highly-skilled team of computational linguists and software engineers to develop and deploy its solutions. Acquired intellectual property includes automated speech recognition and machine translation software tools that allow for bi-directional and uni-directional language pairs, encompassing more than thirty languages and numerous dialects.
The Omnifluent suite of human language technology products enables automated translation and transcription of multilingual audio and text. With automatic speech recognition technologies, the combined technology can offer context, meaning, and complete understanding necessary for effective communication.
Leidos was previously known as Science Applications International Corporation, or SAIC (News - Alert).
Edited by Rory J. Thompson