A small Bay Area, angel-backed start-up called SpeakerText provides publishers with a plug-in to transcribe videos with clickable and shareable transcripts.
The software works with players from YouTube, Blip.tv, Brightcove and just went live with Ooyala. It will be implemented soon with Vimeo.
The company creates transcriptions through a process which is part human/part machine, using speech-to-text software, natural language processing and transcriptionists who are part of the Amazon Mechanical Turk labor pool.
The transcripts reside on a collapseable window on a page, outside the player and does not effect the player.
SpeakerText is a paid service.
We caught up with CEO and co-founder Matt Mireles last week for this overview.
Earlier this month, Erick Schonfeld at TechCrunch published this story on the company.