Nuance buys British voice-to-text company SpinVox

December 30, 2009
US speech recognition company Nuance Communications Inc. announced on Wednesday that it has acquired British voice-to-text firm SpinVox for 102.5 million dollars in a stock and cash deal.

US speech recognition company Nuance Communications Inc. announced on Wednesday that it has acquired British voice-to-text firm SpinVox for 102.5 million dollars in a stock and cash deal.

The Burlington, Massachusetts-based Nuance said in a statement that the transaction involves 66 million dollars in cash and 36.5 million dollars, or approximately 2.3 million shares, in Nuance .

SpinVox provides voice-to-text services to telecommunications companies, converting voicemails into SMS or email messages, for example.

Its clients include Alltel, Bell Mobility, Rogers Wireless, TELUS, Movistar, Optus, Vodacom, Vodafone Spain, Telstra, and others.

"By integrating SpinVox's carrier services with Nuance's advanced platform, Nuance will further accelerate the growth of its voice-to-text business," Nuance said in a statement.

"Around the world, the voice-to-text market has experienced tremendous growth over the last year," said John Pollard, a Nuance vice president.

"With SpinVox's robust infrastructure, language support and operational experience, we will broaden the reach and capabilities of our platform," he said.

Explore further: Briefs: Embed dictation for wireless text unveiled

Related Stories

IBM Research Unleashes Powerful Speech Software

August 18, 2008

(PhysOrg.com) -- IBM today announced the availability of state-of-the-art speech recognition software to clients and partners exploring the development of real-world consumer and business solutions.

Recommended for you

ZTE launches world's first 5G-ready smartphone

February 26, 2017

Chinese telecoms giant ZTE unveiled Sunday what it said is the world's first smartphone compatible with the lightening-fast 5G mobile internet service that networks expect to have up and running by 2020.

Electrical engineers create tiny but powerful medical devices

February 24, 2017

Battery-operated medical devices implanted in human bodies have saved countless lives. A common implant, the cardioverter defibrillator, sends a jolt of electricity to the heart when needed, preventing a heart attack or heart ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.