Nuance to Acquire Ditech Networks
Nuance Communications has signed an agreement to acquire Ditech Networks, a provider of voice technologies, including the Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services, for $22.5 million. The deal, which is expected to close later thsi year, will further enhance Nuance's portfolio of mobile and enterprise voice offerings.
Ditech Networks' PhoneTag service will enhance Nuance's Dragon Voice to Text Services business by adding important customers and complementary technologies, and further advance innovation supporting Nuance's highly-secure, on-premises voice to text platform.
"The world's most innovative carriers and unified communications providers work with Nuance to take advantage of the revolution in voice recognition, and nowhere is this more evident than in our voicemail-to-text and call completion businesses, where billions of calls are converted into easily read text and email messages - a powerful solution for today's messaging-centric world," said John Pollard, vice president and general manager of voice-to-text services at Nuance Mobile, in a statement. "Acquiring Ditech Networks' voice technologies will help Nuance continue to drive these next-generation services."
"Ditech Networks' voice technologies combined with Nuance's voice and language understanding portfolio is an exciting proposition for our combined customer and partner base, while providing a unique opportunity to extend the value and benefits of our technologies into new markets," said Ken Naumann, CEO of Ditech Networks, in the statement.