Amazon Acquires Speech-to-Text Start-up Yap

A filing with U.S. Securities and Exchange Commission (SEC) revealed that Amazon acquired Yap, the voice start-up, in the month of September this year.

There was no official confirmation about this purchase, which came to light through the filing document, reported The Atlantic, recently.

Even though Amazon has not been named in this filing document, the address was tracked down by The Atlantic which led them to an Amazon owned Seattle building.

Yap, entered the market in 2007 with a unique technology which is capable of transcribing voice commands to text. The initial idea behind this technology was to target young mobile phone users who spend good amount of time on texting and slowly to spread to voicemail services which will turn the voice messages to texts.

However, the company discontinued the services on 20th October forcing the users to use their old carrier's voicemail service.

Both these companies have not yet made any comment or confirmation regarding the reported acquisition.

Through this acquisition Yap's technology might offer a way to Amazon to create a voice-recognition service platform. This acquisition is important for Amazon as they are trying to enter into the market of consumer electronics as well as Web services.