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ScanSoft, Inc. and Nuance Communications, Inc have signed a definitive agreement under which ScanSoft will acquire all of the outstanding common stock of Nuance, merging the two organizations into a single company. Advancing Emerging Speech Industry - "Speech software is transforming the way people use digital devices and access information systems," said, ScanSoft chairman and CEO. Currently, ScanSoft and Nuance together automate more than 20 million contact center and directory assistance calls per day; bring the power of speech to millions of people through mobile phones, automobiles, consumer electronics and games; and provide dictation systems for more than 3,000 hospitals and more than one million consumers worldwide, according to the companies. "This merger brings together the customer successes, technical talents and sales and marketing competencies of both companies," said the CEO of Nuance. Support for VoiceXML - Combined, ScanSoft and Nuance have deployed more than 3,000 speech applications that automate approximately seven billion phone conversations for some of the world's largest companies. Together, the two companies maintain speech-focused professional service organizations with a combined team of approximately 250 speech and voice user-interface experts. Each firm brings a broad set of speech applications and technologies to the combined company, the companies noted -- assets that will allow the merged organization to satisfy a wider set of customers' speech needs from a single source. As speech technologies continue to converge, the combined company aims to leverage network speech, embedded speech and dictation to drive innovation and more-complete speech applications. Both ScanSoft and Nuance are strong participants in the development of VoiceXML including providing multiple editors, and both companies were founding drafters of the MRCP specification. The combined company will build upon strong relationships with Avaya, Cisco, Genesys, Nortel, and others to further promote the innovation and adoption of speech, said ScanSoft and Nuance. The combined company will assume the name "Nuance" after the transaction closes. The combined company will continue to make available and support the products of both companies. As in previous ScanSoft mergers and acquisitions, they said, the core technologies will be integrated into a single, unified offering over time. |
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