Missouri Business Flash- Sept.22

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COLUMBIA - Recordly, an interviewing app, will be available for the iPhone and Apple Watch starting Thursday. Recordly was the winner of MU's 2016 RJI student competition, an annual event focused on developing media-related technology products. 

Designed with journalists in mind, Recordly allows a user to record audio and immediately send it off for a transcript once the recording is finished. In order to get a transcript, the user must be connected to wifi or cellular data.

The transcription time can vary based on internet connection, but co-founder John Gillis said the app typically transcribes recordings in less time than the length of the recording. The app will send users a push notification when the transcript is ready.

Recordly will charge $2 per hour of audio transcription. Their price point is significantly cheaper than competitors like Rev, which charges a $1 per minute.

Besides transcription, Recordly allows a user to bookmark and highlight segments of the interview during recording.  

“When you hit highlight while you’re recording, because you heard an interesting quote you want to use later, it will highlight the actual text for you in the final transcript,” Gillis said

Starting Thursday, Recordly will be available only on the iPhone and Apple watch, but Gillis said he is looking to launch a web and Android version in the future.  

“We would like to make Recordly the go-to interviewing tool for journalists and other professions,” Gillis said.

In other business news:

Sprint and T-mobile are closing in on an agreement to merge, according to Reuters. A merger of the third and fourth largest U.S. wireless carriers would bring together more than 130,000 subscribers, just behind Verizon and AT&T. Sprint shares are up about 10 percent in the past five days, according to Yahoo Finance.

Missouri will be providing soybean, corn, and feed grain products to Taiwan in the coming year, according to Missourinet. The Missouri Agriculture Department signed letters of intent with Taiwan representatives. Iowa and Indiana also signed letters of intent with Taiwan for the crops. According to the letters of intent, the Taiwan Feed Industries Association intends to purchase about $1 billion of corn and corn-co products. A significant amount of the corn will be produced in Missouri. 

To learn more about these stories and other, visit Missouri Business Alert's website.