27th  September, 2007

VOICEVAULT WINS FROST & SULLIVAN'S 2007 GLOBAL COMPETITIVE STRATEGY AWARD IN THE VOICE BIOMETRICS CATEGORY

Award presented to company whose competitive strategy has led to considerable growth in market share

London and New York, 27th September 2007- Frost & Sullivan has presented VoiceVault with the 2007 Global Competitive Strategy Award in the category of voice biometrics for its significant success in the marketplace. Formulated criteria determine industry ranking. The award is then presented to the company that is ranked number one among all industry participants for competitive strategy.

Frost & Sullivan Global Program Manager (Biometrics) Sapna Capoor, commenting on VoiceVault's win, said: "Frost & Sullivan has recognised VoiceVault as the leading competitive force in the voice biometrics industry. Its proactive approach in the industry and successful deployment of voice biometrics solutions has given the company 'first mover' advantage. VoiceVault has also gained momentum with impressive on-going implementations of voice biometric solutions in the financial services sector which has immense market potential for this type of solution. In addition, the development of an extended distribution channel will mean that VoiceVault can widen its scope across geographies."

Frost & Sullivan citation added that the implementation of VoiceVault in the financial industry for payment processing has given the company a clear competitive advantage in this sector of the market, marking it out as a Frost & Sullivan 'competitive strategy' winner. VoiceVault's vision of the use of voice biometrics for e-commerce and m-commerce applications is reflected in its significant business wins in 2007.

Paul Lindsey, Executive Chairman of VoiceVault, said: "This award is a huge honour for VoiceVault. The investment we have made in developing the robustness of our technology and building a strong partnership network has paid off. Our market strategy has always been to make our technology channel agnostic and I believe this to be a key component in our success, which we hope to build on even further in the coming year."

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Click here to read the full citation

About VoiceVault

VoiceVault is a specialist and leader in the provision of voice-based biometric identity verification solutions and services. With operations in the United States, United Kingdom and Ireland, the company has a global customer base of public and private organizations, such as government agencies, banks and insurers.

VoiceVault is the only voice verification service certified and accredited to issue Advanced Electronic Signatures (voice digital certificates) and to be ISO 27001 rated.

VoiceVault provides a more convenient, practical and secure alternative to PINs, passwords or security tokens. As well as verifying an individual's identity over the phone or the Internet, VoiceVault can be employed across a diverse range of business applications, including procurement, payment authorization and corporate security. Organizations that deploy VoiceVault can deliver enhanced levels of service to their customers, increase security while optimizing identity verification costs. 

For more information, visit   www.voicevault.com  or contact:

Cyril Moloney

Weber Shandwick UK

+44 20 7067 0518

cmoloney@webershandwick.com  

About Frost & Sullivan

Frost & Sullivan, founded in 1961, has 26 global offices with more than 1500 industry consultants, market research analysts, technology analysts and economists. Our mission is to research and analyze new market opportunities for corporate growth. We are the world leader in growth consulting and the integrated areas of technology research, market research, economic research, corporate best practices, training, customer research, competitive intelligence and corporate strategy.