Nuance Acquires SpinVox to expand their Voice-to-Text Business

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FDN Database Reference:  F231109-282
Acquirer:  Nuance
ACQ Web:
Location:  USA, Burlington, MA
Region:  North America
Description:  Provider of voice-to-text services to telecommunications companies
Category:  Mobile, Technology
Contact 1:  John Pollard, vice president, Nuance Voice-to-Text Services

Vendor:  SpinVox
Vendor Web:
Location:  United Kingdom, Marlow
Region:  Europe
Description:  Provider of speech and imaging solutions for businesses and consumer.
Category: Mobile, Technology
Contact 1:  Christina Domecq, Founder
Contact 2:  Daniel Doulton, Founder
Aprox. Value:  $102.5 million, comprising $66 million in cash and $36.5 million, or approximately 2.3 million shares, in Nuance common stock.
Details:  By integrating SpinVox’s carrier services with Nuance’s advanced speech recognition platform, Nuance will further accelerate the growth of its voice-to-text business and scale to meet the needs of a growing, global customer base.
Links: The SpinVox blog    Press Release

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