wordpress blog stats
Connect with us

Hi, what are you looking for?

Ozonetel acquires Yantra Software’s speech recognition vertical

Cloud telephony company Ozonetel Systems has acquired the speech recognition vertical of Yantra Software in a pay-out model for an undisclosed amount. Post the acquisition Yantra Software’s 20 member team will join Ozonetel. The Hyderabad-based company’s Intellectual Property (IP) and technology will also become a part of Ozonetel. ozonetel

Yantra Software’s speech recognition solutions include: Text-to-Speech engine for India languages, Speech Recognition engine for Indian dialects, Gender Identification (to automate targeted service and conduct customised surveys), Speech Biometric (to identify speaker, security measure) and Sentiment Analysis. It’s worth noting that the Yantra Software website (www.yantrasoftware.com) mentioned on the company’s LinkedIn page isn’t working.

Ozonetel plans to provide these solutions on its cloud platform in a pay as you go model, the company said. Also, these solutions will be provided in ready-to-use applications, with pre-tuned domain-specific vocabulary. It essentially means that businesses will not require skilled personnel to operate it.

What happened to Akshar Speech tie-up?

Back in January 2012, Ozonetel had introduced text-to-speech support for Hindi and Telugu in its cloud telephony solution KooKoo. The speech engine was powered by a Hyderabad-based startup Akshar Speech. So, why hasn’t Ozonetel continued developing speech recognition solutions with Akshar Speech?

Advertisement. Scroll to continue reading.

Competition: Nuance and Lumenvox provide support for Indian languages in their respective speech recognition solutions. However, SMEs cannot use these solutions because of the prohibitive price and the requirement for skilled operators.

Other developments

Last year Ozonetel acquired the customers of cloud telephony company Resolvity Information Technologies’ VoiceGain product, after the company decided to shut shop in India.

Last month, one of Ozonetel’s primary competitors in the cloud telephony space in India, Knowlarity raised $16 million in Series B funding from Sequoia Capital and Mayfield Advisors. Earlier this year, Knowlarity had acquired cloud telephony startup Unicom Techlabs.

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ