BURLINGTON, Mass., – September 30, 2011 – Nuance Communications, Inc. (NASDAQ: NUAN) today announced that the company has closed the acquisition of Loquendo, a wholly owned subsidiary of Telecom Italia.
The combination of Nuance and Loquendo’s innovations will advance the proliferation of voice-enabled solutions and accelerate the development of new capabilities that deliver natural, conversational interactions between consumers and the contact center, automobiles, mobile phones, and other consumer devices worldwide.
The joint organization will offer a broad, high-quality portfolio of voice and language solutions that includes text-to-speech, speech recognition and voice biometrics solutions. In addition, the acquisition enhances language coverage for network-based and embedded customers, and strengthens Nuance’s global channel partnerships which drive the adoption of speech-enabled solutions, particularly in Europe and Latin America.
Nuance intends to build upon the strengths of the Loquendo research and technology center in Turin, Italy and leverage the core capabilities and deep ties with local and other Italian universities and research bodies.
Nuance Communications, Inc. (NASDAQ: NUAN) is a leading provider of voice and language 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 devices and systems. 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 trademarks or registered trademarks of Nuance Communications, Inc. or its subsidiaries in the United States of America and/or other countries. All other company names or product names may be the trademarks of their respective owners.
Statements in this press release regarding, the product capabilities of the combined company, benefits of the transaction, future opportunities for the combined company, and any other statements about management’s 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 ability of Nuance to successfully integrate the product offerings of the combined company and the other 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 document.