To: M. Frank Greiffenstein who wrote (1538 ) 3/25/1999 1:43:00 PM From: Scrapps Read Replies (1) | Respond to of 1682
Periphonics Receives $1.2 Million Order From A Leading U.S. Financial Services Company Order includes company's PeriDirect(TM) financial software application suite with Large Vocabulary Recognition for accessing stock quotes and account information BOHEMIA, N.Y.--(BUSINESS WIRE)--March 25, 1999-- Periphonics Corporation (NASDAQ: PERI - news), a leading worldwide provider of products and services for call processing solutions used in Computer Telephony Integration and Telecom Enhanced Network Services, today announced that it has received an order valued at approximately $1.2 million from the brokerage division of a leading U.S. financial services company. The order includes Periphonics' PeriDirect(TM) Financial Suite; a comprehensive software application package designed specifically for banking and financial services customers. PeriDirect(TM) includes Advanced Speech Processing (ASP) capabilities, such as Large Vocabulary Recognition (LVR), which allows the financial services provider's customers to access their accounts and retrieve stock quotes using natural language. Based on the terms of the order, Periphonics expects to ship the systems and recognize the majority of the revenue during its current fiscal fourth quarter. PeriDirect(TM) Financial Suite is the first industry-specific suite of interactive transaction processing applications for financial companies. PeriDirect(TM) offers full functionality for banking, brokerage, insurance and card services with multimedia access via one platform. PeriDirect(TM) is modular-based for rapid deployment, fully scalable for growth and Y2K compliant. It is built on Periphonics' proven VPS/is platform that is currently installed at hundreds of financial companies worldwide, providing automated service to millions of users. PeriDirect(TM) differentiates and enhances self-service access for financial customers through several media and one host connection simultaneously. This multi-channel distribution approach enables consumers to obtain account and other information from the medium of their choice, whether it's speaker independent Advanced Speech Recognition (ASR), touch-tone Interactive Voice Response (IVR), Web, or fax. Periphonics Corporation is a global leader in the development, marketing and support of products and professional services for Computer Telephony Integration (CTI) and Telecom Enhanced Network Services. The Company's products and services utilize such technologies as interactive voice response (IVR), advanced speech processing with large vocabulary recognition, natural language processing and text-to-speech, as well as interactive processing via Web browsers, messaging, and fax. Periphonics also provides comprehensive professional services including project management, software application development, call center integration and script and grammar development. The Company's products and professional services help its customers enhance their customer service offerings, increase caller satisfaction, reduce operating costs and often create new revenue opportunities by automating call and transaction processing. Periphonics is an ISO 9001/TickIT registered company with systems installed in more than 50 countries. For further information, visit our site on the World Wide Web at www.peri.com. biz.yahoo.com