|[December 04, 2012]
Nuance Closes Ditech Networks Acquisition
BURLINGTON, Mass. --(Business Wire)--
Nuance Communications, Inc. (NASDAQ: NUAN) announced it has closed its
acquisition of Ditech Networks (News - Alert), 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 (News - Alert) portfolio of mobile and enterprise
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
About Nuance Communications (News - Alert), Inc.
Nuance is a leading
provider of voice and language 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 informationand how they create, share and use documents. Every
day, millions of users and thousands of businesses experience Nuance's
proven applications and professional services. For more information,
please visit: nuance.com.
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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