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Nuance Communications Acquires VoiceSignal Technologies, Inc. for $293,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77d33ebf-c5e2-4c71-bccf-674707efb620&Preview=1
Date
5/15/2007
Company Name
VoiceSignal Technologies, Inc.
Mailing Address
150 Presidential Way Woburn, MA 01801
Company Description
VoiceSignal’s VSuite, VSpeak, VoiceMode and VSearch solutions are designed to address the ease-of-use problem that increasingly confronts users of today’s mobile devices.
Website
http://www.voicesignal.com
Transaction Type
M&A
Transaction Amount
$293,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Under the terms of the agreement, total consideration is approximately $293 million, net of cash, using yesterday’s closing price of $15.28 per share of Nuance common stock. The consideration comprises approximately 5.8 million shares of Nuance common stock and a net cash payment of $204 million.