In 2001, Terakeet’s co-founders were working on a consulting project involving the creation of a speech interface. Through this work, Mac Cummings and Patrick Danial spotted a void in the speech recognition market and created the idea of a company specializing in building solutions and applications that outperformed major industry players. The plan was simple – superior, yet affordable speech recognition solutions that would deliver client ROI.

Previous to two successful rounds of venture financing, Terakeet signed its first customer and began building its flagship series of applications. The initial customer was one of the largest financial disclosure companies in the U.S.; providing data and information to clients including Goldman Sachs, Morgan Stanley and Coca-Cola. Shortly after raising funding, Terakeet began signing up eager customers across the United States.

In the company's second year of operation, Terakeet's revenue exceeded the initial valuation and reached profitability. Terakeet has now established itself as one of the leading speech software firms in the U.S., focusing primarily on stateside call center deployments. In 2004, Terakeet expanded its service offerings with the introduction of a web marketing and search engine optimization group. Terakeet’s search engine optimization division is believed to be the largest firm of its kind in New York State. Clients include both Fortune 500 companies and international firms.

Since its inception, Terakeet has evolved into a pioneering company that has been recognized for both technology expertise and innovation.