Nuance Closes Acquisition of Viecore
Transaction Expands Services Capabilities for Enterprise Speech Solutions
in Financial Services, Telecommunications, Healthcare, Utilities and Government
BURLINGTON, Mass., November 29, 2007 – Nuance Communications, Inc. (NASDAQ: NUAN), the leading supplier of speech solutions, today announced that it has closed the acquisition of Viecore, Inc., a consulting and systems integration firm specializing in the deployment of contact center solutions for large enterprises.
Viecore expands Nuance’s professional services capabilities and complements its existing partnerships, allowing the Company to deliver end-to-end speech solutions and system integration for speech-enabled customer care in key vertical markets including financial services, telecommunications, healthcare, utilities and government. Viecore’s consulting services, systems integration experience and significant intellectual property related to services delivery allows Nuance to further accelerate the deployment of customer care solutions.
In connection with the acquisition of Viecore and in accordance with NASDAQ Marketplace Rule 4350, Nuance will grant 613,363 shares of its common stock, in the form of stand-alone restricted stock units, as an inducement that is material to 334 individuals entering into employment arrangements with Nuance. The restricted stock units will be granted upon the approval of the Compensation Committee of Nuance’s Board of Directors. 577,600 of the restricted stock units vest over a four year period, 11,921 of the restricted stock units vest over a 90-day period, 11,921 of the restricted stock units vest over a one year period and 11,921 of the restricted stock units vest over a two year period.
About Viecore
Viecore is a leading consulting and systems integration firm delivering end-to-end automated customer interaction solutions. Since 1989, Viecore has been a trusted advisor to enterprise-level corporations, providing leadership and guidance in defining contact center strategies. Its integration services bring together CTI (computer telephony integration), IVR (interactive voice response), speech, and web technologies—to deliver comprehensive customer interaction management solutions for a wide range of industry segments. Its customer interaction solutions are deployed in thousands of enterprises worldwide, helping millions of callers every day, access information and perform self-service transactions.
About Nuance Communications
Nuance 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 trademarks or registered trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding Nuance’s acquisition of Viecore, the service capabilities of the combined company and the market for those services, future opportunities for the combined company, and any other statements about Nuance or Viecore 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 ability of Nuance to successfully integrate the service offerings of the combined company, the ability to retain Viecore’s partners and customers, and the other factors described in Nuance’s Annual Report on Form 10 K/A for the year ended September 30, 2006 and Nuance’s Quarterly Reports on Form 10-Q filed with the 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.
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