Nuance Closes Acquisition of Equitrac
Transaction Expands Nuance’s Document Imaging Portfolio with Market Leading Print Management Solution
BURLINGTON, Mass., – June 16, 2011 – Nuance Communications, Inc. (NASDAQ: NUAN) today announced that the company has closed the acquisition of Equitrac Corporation, a leading provider of intelligent print management and cost recovery software.
Equitrac expands Nuance’s document imaging portfolio, adding Equitrac print management products to Nuance eCopy ShareScan® scanning and workflow solutions, and to Nuance OmniPage, PaperPort and PDF Converter Professional desktop applications. The addition of Equitrac strengthens Nuance’s global channel partnerships with multifunction printer (MFP) vendors, including Canon, Xerox, Konica Minolta, Ricoh and HP – each of which currently sells both Equitrac and Nuance eCopy solutions.
The integration of Equitrac with Nuance eCopy will provide innovative, integrated, cross-platform MFP-based document solutions to deliver on the promise cost reductions that will drive the adoption of Managed Print Services (MPS) solutions across enterprises.
Nuance Communications, Inc.
Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications. For more information, please visit www.Nuance.com.
Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other company names or product names referenced herein may be the property of their respective owners.
Statements in this press release regarding Nuance’s managed document services technology, anticipated growth in the MPS market, and any other statements about Nuance managements’ future expectations, beliefs, goals, plans or prospects constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," estimates and similar expressions) should also be considered to be forward looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward looking statements, including the factors described in Nuance's Annual Report on Form 10 K for the fiscal year ended September 30, 2010 and other filings with the U.S. Securities and Exchange Commission. Nuance disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release.