Major US speech recognition company zeroes in on European market; Nasdaq-listed Nuance shakes up European speech recognition market with appointment of strong executive team.

0 Comments | M2 Presswire, June, 2001

M2 PRESSWIRE-19 June 2001-Nuance: Major US speech recognition company zeroes in on European market; Nasdaq-listed Nuance shakes up European speech recognition market with appointment of strong executive team (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:19062001 LONDON, UK -- Leading speech recognition company Nuance (Nasdaq: NUAN) is aggressively ramping up its presence in Europe, with the appointment of an executive team tasked with maximising the opportunities the burgeoning speech recognition market offers.

Nuance CEO Ron Croen said: "We are already the world's number one speech recognition company in a dynamic and fast-growing industry. It makes sense for us to 'set up shop' in Europe when half of our annual $51.8m (FY2000) revenue is outside the...