Dec. 30 (Bloomberg) — Nuance Communications Inc., the maker of Dragon NaturallySpeaking dictation software, said it has acquired SpinVox Ltd. for about $102.5 million to gain speech-recognition technology for voice-mail messages.
The purchase price includes $66 million in cash and $36.5 million, or about 2.3 million shares, in common stock, Burlington, Massachusetts-based Nuance said today in a statement. SpinVox’s customers include units of Verizon Wireless, Telefonica SA and Vodafone Group Plc, Nuance said.
