Nuance Gets IBM Speech Technology
Wade Roush1/16/09
Burlington, MA-based Nuance Communications, shortly after announcing yesterday that it will raise $175 million in a stock sale to private equity firm Warburg Pincus, revealed that it has reached a deal with IBM to incorporate the computing giant’s speech technology into Nuance products. Nuance said it “expects the first integrated speech innovations combining Nuance and IBM technologies to be available within two years.” Nuance also bought the rights to several speech-related IBM patents; the companies aren’t saying how much money changed hands.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
