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Speech software company Nuance Communications (NUAN -1%) acquires England's SpinVox for $66M in...

Speech software company Nuance Communications (NUAN -1%) acquires England's SpinVox for $66M in cash and about $36.5M in stock, in order to boost voice mail speech recognition. SpinVox's customers include units of Verizon Wireless (VZ), Vodafone (VOD) and Telefonica (TEF).
Comments (1)
  • Spinvox has experience a wide array of challenges recently including questions relating to how much human intervention is required to transcribe messages and very material cash flow challenges. Clearly under significant pressure, an M&A exit was desperately needed but with the predictable disappointing outcome for investors. Speech-to-text promises to see strong growth over the next several years as the value proposition is strong from an end users perspective. One big question, however, will be the economics of the business with Google’s imminent entry via Google Voice, which will likely offer voice-to-text as a free service.
    11 Jan 2010, 05:40 PM Reply Like
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