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Nuance Closes Ditech Networks Acquisition
By: Business Wire
Dec. 4, 2012 05:30 PM
Nuance Communications, Inc. (NASDAQ: NUAN) announced it has closed its acquisition of Ditech Networks, Inc. (NASDAQ: DITC). Ditech Networks’ voice technologies, including the company’s Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services, will be integrated into Nuance’s portfolio of mobile and enterprise voicemail-to-text offerings.
Nuance’s voice solutions power services for global carriers and enterprises that quickly and accurately transcribe voice messages, and deliver them as text messages, emails and IMs to people’s phones, tablets and desktop computers. By integrating Ditech Networks’ voice technologies, Nuance will further enhance its on-premise, highly-secure voice to text platform, and expand its cloud-based voicemail-to- text capabilities.
About Nuance Communications, Inc.
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 transaction between Nuance and Ditech Networks, the expected benefits to Nuance and its customers of the transaction, future product offerings by the combined company, 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 “will,” “expected,” and other 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 Ditech Networks’ operations, product offerings and employees; the ability to realize anticipated synergies and cost savings; the failure to retain customers and/or key employees; and the other factors described in Nuance's Annual Report on Form 10-K for the fiscal year ended September 30, 2012, and other filings with the U.S. Securities and Exchange Commission. Ditech Networks and Nuance disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this press release.
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