Follow us on Twitter
Follow us on Twitter
Follow us on Twitter
Follow us on Twitter
Follow us on Twitter

Products' We Represent


Subscribe

captcha 
Nuance Acquires SpinVox, Accelerates Expansion of Voice-to-Text Business
Wednesday, 30 December 2009 00:00

Nuance Communications, Inc. has acquired SpinVox, a provider of voice-to-text services to telecommunications companies across five continents.

As the estimated number of operational voicemail boxes in the world has passed one billion, and consumer and corporate activity now generate over 150 billion voicemails a year, Nuance and SpinVox have experienced strong interest in voice-to-text automation. The two companies helped pioneer solutions that utilize speech recognition and transcription workflow solutions to convert voicemails into text that can be sent to users as SMS or email messages. This transaction marries innovative speech solutions and robust carrier-grade infrastructure to accelerate innovation, and deliver these voice-to-text services to global subscribers.

“Around the world, the voice-to-text market has experienced tremendous growth over the last year, with a variety of innovative services being delivered by carriers and unified communications providers,” said John Pollard, vice president, Nuance Voice-to-Text Services. “With SpinVox’s robust infrastructure, language support and operational experience, we will broaden the reach and capabilities of our platform.”

Through this acquisition, Nuance intends to expand its operations and accelerate growth in three key areas:

  • Service quality. The combination of SpinVox’s global infrastructure with Nuance’s proven speech recognition technology provides robust, carrier-grade voice-to-text services with outstanding quality, ISO security certification, and highly-scaled production systems that handle millions of messages per day;
  • Global reach. The combination will achieve the broadest language support in the industry, including English, Spanish, German, Italian, French, and Portuguese, and a customer list that includes major carriers throughout North America, Europe, South America, and Australia; and,
  • Innovation. By combining Nuance’s sophisticated speech recognition technologies with both companies’ experienced solutions development teams, Nuance expects to accelerate innovation for voice-to-text services.

Under the terms of the agreement, consideration for the transaction is approximately $102.5 million, comprising $66 million in cash and $36.5 million, or approximately 2.3 million shares, in Nuance common stock.

 

ACE Featured Products

Power PDF 9 Advanced
Power PDF 9 Advanced
$199
FosBaby (Pink)
FosBaby (Pink)
Call for Pricing
Momentus XT Solid State Hybrid Drive
Momentus XT Solid State Hybrid Drive
Call for Pricing
QNAP TS-121
QNAP TS-121
Call for Pricing
Disk Station DS216j
Disk Station DS216j
Call for Pricing
Intuos5 Medium Pen & Touch
Intuos5 Medium Pen & Touch
$416
QNAP TS-231+ (Plus Series)
QNAP TS-231+  (Plus Series)
Call for Pricing
QNAP TS-851
QNAP TS-851
Call for Pricing

Latest News

  • Synology® Inc. is aware of a new processor erratum discovered in the Intel® Atom™ C2000 family. After in-depth investigation, the possibility of seeing accelerated degradation of a...
  • Synology® Inc. today announced that Vic Hsu, Vice President of the System and Enterprise Group, will extend his responsibilities to assume the role of Chief Executive Officer, effe...
  • Protect your business, home, and other environments with a reliable and intuitive surveillance system.Surveillance Station delivers intelligent monitoring and video management tool...
  • Synology® Inc. today announced the official release of Surveillance Station 8.0, delivering a new and efficient desktop client, smart multiple streaming technology, and painless ...
  • Synology® Inc. today launched the RT2600ac, a high-speed, security-focused router designed to accommodate the modern home and office. Packed with powerful packages inside an intuit...