Philips’ new software platform, SpeechExec, enters a competitive market already crowded with smaller companies such as BigHand, Crescendo, Winscribe, nFlow and Statplus.

Speechexec is billed as the next generation of the widely used SpeechMike Executive product and the first one-stop speech processing offering from Philips, which has until now focused its efforts primarily on dictation handsets and other hardware products.