SpeedType

What SpeedType does

SpeedType is a privately held, micro-cap software company headquartered in Apopka, Florida, that develops and sells a Windows-only text expansion utility used primarily by medical and legal transcriptionists. Founded in 1994 and operating with 1-10 employees, the company distributes its software exclusively through digital channels via its own e-commerce storefront (speedtype.com/shop) and supports payment processing through PayPal. The company carries the registered trademark "SpeedType – The Extreme Word Expander" and maintains authorized-vendor relationships with roughly a dozen transcription industry associations including AHDI, AHIMA, NVRA, AAERT, SCCRA, GCCRA, and VRLA.

The core product, SpeedType Version 10 (released in 2020), is a dictionary-based abbreviation expansion system that stores over 500,000 entries on the user's local hard drive and is claimed to reduce keystrokes by 60% or more. Technical differentiators include a sub-five-minute learning curve, universal compatibility across all Windows applications (including email, social media, and specialized transcription/CAT software), a separate locked dictionary file for password storage, and macro-list conversion utilities that migrate shortcut files from competing products such as Microsoft Word AutoCorrect, WordPerfect Quick Correct, Breevy, Abbreviate, and Shortcuts into SpeedType's native dictionary format. Adjacent paid offerings include a pre-built 13,000-entry medical terminology dictionary (Big Word List), online training courses for medical and legal verticals, instructor-led one-hour training sessions, and macro-conversion services.

Revenue is generated entirely through one-time perpetual license fees rather than subscriptions. The full SpeedType V10 license is priced at $149.95, the upgrade license at $99.95, the 15-day trial at $15.00 (converts to permanent upon registration), and add-on dictionaries, training courses, and conversion services are each priced at $49.95. SpeedType does not disclose revenue, has no venture capital or private equity investment on record, and is independently owned, with 30 years of operating history suggesting long-term founder or family ownership.

Name

SpeedType

Legal name

SpeedType

Website

https://speedtype.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

SpeedType is a privately held Windows text expansion software company serving medical and legal transcriptionists since 1994. It sells one-time perpetual licenses ($149.95) for its dictionary-based abbreviation expansion tool through its own e-commerce site.

Ownership category

akta.pro rank

Product category

Text Expansion / Transcription Productivity Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Speech Recognition, Dictation & Medical Transcription Platforms (HLACAAAI)

Keywords

• Text expansion software
• Abbreviation expander
• Transcription software
• Medical terminology dictionary
• Windows productivity tools

Headquarters

HQ city

Apopka

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Licenses: One-time perpetual license sales for SpeedType Version 10 for Windows. Includes single PC license and site license options for enterprise deployments.
2. Software Upgrades: Discounted upgrade pricing for existing licensed users of SpeedType 9 or earlier versions.
3. Trial/Demo Products: 15-day trial version offered for $15.00, allowing users to test the software before purchasing full license.
4. Dictionary Add-ons: Pre-built dictionary files such as Big Word List with over 13,000 medical terminology entries for medical and medicolegal transcriptionists.
5. Conversion Services: Macro list conversion services that convert existing text expansion files from other programs into SpeedType-compatible format.
6. Online Training Courses: Online video training courses for Medical and Legal transcription using SpeedType. 30-day completion window with course credentials provided within 1 business day.
7. Instructor-Led Training: One-hour online training sessions covering SpeedType basics, word list setup, and general Windows usage.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

SpeedType develops and sells SpeedType Version 10, a Windows-based text expansion and abbreviation software that stores over 500,000 dictionary entries and expands short typed abbreviations into full phrases, medical terminology, or legal jargon. The product works across all Windows applications including email, instant messaging, and social media, and is sold as a perpetual license with add-on dictionaries, macro conversion services, and online training courses for medical and legal transcription professionals.

Differentiator

Problem solved

Functional benefit

Products and services

• SpeedType Version 10 for Windows Universal Windows text expansion and abbreviation software that expands typed shortcuts into full text, phrases, medical terminology, or legal jargon. Works in every Windows application including email, instant messaging, and social media. Reduces keystrokes by 60% or more and supports over 500,000 dictionary entries. Sold as a one-time perpetual license for $149.95.
• Big Word List (Medical Terminology Dictionary Add-on) Pre-built dictionary file add-on containing over 13,000 medical terminology entries, designed as a starting vocabulary library for medical and medicolegal transcriptionists using SpeedType. Sold as a one-time purchase for $49.95.
• Macro List Conversion Service Professional conversion service that converts existing text expansion macro list files from competing programs (Microsoft Word AutoCorrect/AutoText, Word Perfect Quick Correct, Abbreviate, Shortcuts, Breevy, CAT system dictionaries, and DOS/Windows files) into SpeedType dictionary format. Sold for $49.95.
• CAT Dictionary Conversion Service Specialized conversion service for CAT (Computer-Aided Transcription) system dictionaries, formatting them for use within the SpeedType application. Sold for $49.95.
• Online Medical Transcription Training Course Online video training course teaching SpeedType usage from a medical transcription perspective. Includes 30-day completion window and logon credentials delivered within one business day. Sold for $49.95.
• Online Legal Transcription Training Course Online video training course teaching SpeedType usage from a legal transcription perspective. Includes 30-day completion window and logon credentials delivered within one business day. Sold for $49.95.
• TCRA SpeedType and Certification Training Package Bundled training package including TCRA (Teachers of Court Reporting Association) certification, delivered via SpeedType training. Includes 30-day completion window and logon credentials provided within three business days. Sold for $149.95.
• One-Hour Instructor-Led Training Session One-hour online group training session covering SpeedType basics, word list setup, and general Windows usage. Sold for $99.95.

Quantifiable outcome

• 60% reduction in typing time through abbreviation expansion
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core and minor.

• AHDI (Association for Healthcare Documentation Integrity)coreChannel Partner/ Reseller/ DistributorSpeedType is an authorized vendor and business partner of AHDI, supporting healthcare documentation professionals with text expansion tools.
• AAMT (American Association for Medical Transcription)coreChannel Partner/ Reseller/ DistributorAuthorized business partner of AAMT supporting medical transcription professionals.
• NVRA (National Voice Reporting Association)coreChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of NVRA supporting voice reporting professionals.
• SCCRA (Southern California Court Reporters Association)minorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of SCCRA.
• GCCRAminorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of GCCRA.
• VRLA (Voice Reporting Association of Louisiana)minorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of VRLA.
• NALS of MichiganminorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of NALS of Michigan.
• MECRAminorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of MECRA.
• AAERT (American Association of Electronic Reporters and Transcribers)coreChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of AAERT supporting electronic reporters and transcribers.
• AHIMA (American Health Information Management Association)coreChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of AHIMA supporting health information management professionals.
• TranscribeAnywhereminorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of TranscribeAnywhere.
• ProofreadAnywhereminorChannel Partner/ Reseller/ DistributorAuthorized vendor/business partner of ProofreadAnywhere.
• Cuyahoga Community CollegeminorChannel Partner/ Reseller/ DistributorAuthorized vendor with Cuyahoga Community College.
• SCT in New Zealand (Southern Careers Institute)minorChannel Partner/ Reseller/ DistributorAuthorized vendor with SCT in New Zealand.

Scale indicators3 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• WordExpander: WordExpander is a Windows-based abbreviation expansion tool targeted at medical transcriptionists and other professionals, making it a near-direct vertical competitor to SpeedType in the transcription productivity niche.
• Breevy: Breevy is a Windows text expander / abbreviation expansion tool that SpeedType explicitly converts dictionaries from. It is the closest direct competitor in the Windows desktop text-expansion category, serving medical, legal and general productivity users.
• aText: aText is a text expander for macOS/Windows offering abbreviation-to-phrase expansion. It is a direct competitor with similar target users, though historically skewed toward Mac users.
• PhraseExpress: PhraseExpress is a cross-platform text auto-completion and expansion application that competes head-to-head with SpeedType for individual and enterprise productivity users needing abbreviation expansion and phrase templates.
• TextExpander: TextExpander is a subscription-based cross-platform snippet/text expansion tool used by knowledge workers and writing professionals. It is a direct competitor to SpeedType but with broader platform support and a recurring-revenue model.
• FastFox: FastFox is a Windows typing productivity utility that expands abbreviations into full text and is sold to the same generalist productivity audience as SpeedType.

Emerging players

• InqScribe: InqScribe is transcription and timecoding software used by transcriptionists, researchers, and legal professionals. It serves a similar niche customer as SpeedType but focuses on transcription playback/insertion rather than text expansion.
• Express Scribe: Express Scribe is professional transcription playback software used by the same medical and legal transcriptionist customer base that SpeedType serves, providing an adjacent productivity tool in the transcription workflow.

Broad incumbents

• Nuance Dragon Medical One: Nuance Dragon (now part of Microsoft) is the dominant AI-powered medical speech recognition platform that increasingly automates clinical documentation. It competes indirectly with SpeedType by reducing the need for manual transcription and text expansion in medical workflows.
• 3M M*Modal Fluency Direct: 3M M*Modal (now Solventum) is a leading medical transcription and clinical documentation platform serving hospitals and health systems. It overlaps with SpeedType's medical transcription buyer base as an end-to-end alternative to manual transcription tools.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SpeedType
• YouTubeyoutu.be/Hfe_2Mm3VOg
• Facebookfacebook.com/speedtype4u
• LinkedInlinkedin.com/company/speedtype

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SpeedType