Nuance Communications (NUAN +5%) acquires Vlingo, developer of the Virtual Assistant, which uses...

|About: Nuance Communications, Inc. (NUAN)|By:, SA News Editor

Nuance Communications (NUAN +5%) acquires Vlingo, developer of the Virtual Assistant, which uses voice to text technology and intelligent voice interface processing, for an undisclosed sum. The company hopes to capitalize on explosive market demand for virtual assistant and voice-enabled capabilities spanning phones, tablets, cars, televisions, navigation devices, music players, PCs and more, and estimates market demand to be near $5B.