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Technology Stocks : Nuance Communications, Inc.
NUAN 54.840.0%Aug 11 5:00 PM EST

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From: JakeStraw2/16/2010 8:22:05 AM
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Nuance Acquires MacSpeech, Extending Dragon NaturallySpeaking Family to the Mac
finance.yahoo.com

Trusted by Millions – on the PC, the iPhone, the Mac, and in the Car – Nuance’s Dragon Speech Recognition Puts Speech within Reach for Everyone
February 16, 2010

BURLINGTON, Mass.--(BUSINESS WIRE)--Nuance Communications, Inc. (NASDAQ: NUAN) today announced that it has acquired MacSpeech, the leading provider of speech recognition solutions for Apple Macintosh computers. The agreement will allow Nuance to extend the Dragon NaturallySpeaking family of products to the growing community of Mac users as a native Mac application.

“We have heard from our customers – and from the Mac community at large – for years that they want Dragon for the Mac environment,” said Peter Mahoney, senior vice president and general manager for Dragon, Nuance Communications. “In 2008, MacSpeech licensed our underlying Dragon dictation technology to deliver MacSpeech Dictate, and the demand has only continued to grow, fueled recently by our recent launch of Dragon Dictation for the iPhone. MacSpeech’s knowledge of the Mac platform and its deep understanding of Mac users, coupled with our decades-long experience with speech recognition and the popular Dragon brand, will allow us to provide the world’s best dictation technology in a solution that is 100-percent Mac.”

Through the acquisition of MacSpeech, Nuance will be positioned to accelerate the growth opportunity for MacSpeech products by adding additional research and development support, Dragon brand recognition, marketing support, and distribution channels. In addition, the acquisition presents more growth opportunities for Dragon NaturallySpeaking with new audiences and on new devices.
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