Nuance acquires VoiceSignal for $293M

And still more M&A news: Speech and imaging solutions provider Nuance Communications announced a definitive agreement to acquire mobile voice technology developer VoiceSignal. Per terms of the agreement, total consideration is approximately $293 million, comprising approximately 5.8 million shares of Nuance common stock and a net cash payment of $204 million. The transaction is expected to close in the fiscal fourth quarter.

With the addition of VoiceSignal, Nuance expects to provide voice-based mobile solutions to more than one billion consumers within the next three years, resulting in anticipated total mobility revenues exceeding $125 million in fiscal year 2008. Together Nuance and VoiceSignal will emphasize mobile search, messaging, command, control and consumer safety services. The combined company will include among its mobility customers AOL, AT&T, Rogers Wireless, Sprint, RIM, T-Mobile and Vodafone.

For more on the deal:
- check out this press release

Sponsored by ADI

What if we were always connected? With the help of our advanced wireless technology, even people in the most remote places could always be in touch.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

Ericsson's latest Mobility report finds that an average of 64% of service providers globally offer fixed wireless access (FWA) service.

The U.K. on Monday set out a roadmap for removing Huawei equipment from 5G networks and outlined a new strategy to diversify the supply chain.

The outgoing FCC chair says he's giving subscribers more free data, but providers say they'll actually get less.