You do have to say one thing about Nuance, they seem to almost own the world of speech recognition as I seem to remember posting several articles when they purchase another company. The phonetag solution I
would guess is one of the features with mobile phones would be a hot ticket. Voice to text is huge now. I have it on my Windows phone and it seem everyone is working on accuracy and it will get there as Ditech also has Voice Quality Assurance with their designed algorithms . Recently Nuance also launched their competitor for Siri as well so I am guessing these two technologies might be working together?
Many of the major cell phone providers such as Verizon, Spring and AT&T already use the Ditech technology, so big opening for closer work with carriers. BD
One NASDAQ-listed firm buying another as voice and language
solutions provider Nuance this morning announced that it has agreed to acquire San Jose, California-based Ditech Networks (Ditech) for $1.45 per share in cash, representing a total value of approximately $22.5 million.
That purchase price is net of Ditech’s cash as of the signing date, and is almost exactly the company’s market capitalization at the last market close.
The transaction is expected to close late in 2012.
Nuance says it was particularly interested in getting its hands on Ditech’s Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services, which it will use to enhance its own portfolio of mobile and enterprise voice offerings.
More specifically, Ditech’s PhoneTag service will boost Nuance’s Dragon Voice to Text Services business by adding customers and ‘complementary technologies’.