Stirling Council and SITA UK among new customers

Belfast, Northern Ireland, August 9th 2007 - SpeechStorm, a leading provider of advanced speech recognition solutions, today announced a successful first quarter and the doubling of its UK sales revenues. The company recently began targeting the UK market and in the past three months has already seen traction and demand for their hosted speech solutions. SITA UK, Northern Ireland Electricity and Stirling Council are among recent customer wins.

In April this year SpeechStorm was launched as a separate operating division of Kainos, the leading IT consulting company, with a multi-million pound investment to grow the business in the UK and Ireland. Since April the company has opened offices in both London and Glasgow and has made a number of key sales hires to meet and service market demand.

Commenting from SpeechStorm, Oliver Lennon, chief executive officer said, “SpeechStorm's success comes from executing on the strategy of providing the most relevant, cost-efficient integrated speech solutions to our customers. Our extensive product offering and expanded sales force in the UK drove the strong performance in the first quarter. This success validates the market potential and we’ll continue to invest in solutions that deliver the highest value and meet the changing demands of the speech marketplace. We are now gaining significant traction in the UK market and we have seen our hosting business grow to account for almost 30 per cent of sales orders in the last quarter.”

SpeechStorm plans to launch a new version of their assistOnDemand product offering later this year. The new version will consist of expanded speech applications with enhanced features including outbound notification, enhanced configuration management and reporting. The company will also continue to increase its headcount to service the growing market demand.