Nuance Communications Information
Nuance Communications is a multinational computer software technology corporation, headquartered in Burlington, Massachusetts, USA, that provides speech and imaging applications. Current business products focus on server & embedded speech recognition, telephone call steering systems, automated telephone directory services, medical transcription software & systems, optical character recognition software, and desktop imaging software. The company also maintains a small division which does software and system development for military and government agencies.
As of 2008, the company is a result of organic growth, mergers, and acquisitions. Most notable was the "merger" of ScanSoft and Nuance in October 2005. Before the merger, the two companies competed in the commercial large scale speech application business. The officially-termed "merger" was a de facto acquisition of Nuance by ScanSoft, though the combined company changed its name to Nuance following the transaction. Before 1999, ScanSoft was known as Visioneer, a hardware and software scanner company. In 1999, Visioneer bought ScanSoft — a Xerox spin-off — and adopted ScanSoft as the company name. The original ScanSoft had its roots in Kurzweil Computer Products, a software company that developed the first omni-font character recognition system.
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Company history
In September 2005, ScanSoft Inc. acquired and merged with Nuance Communications, and the resulting company adopted the Nuance name. For a decade prior to that, the two companies competed in the commercial large-scale speech application business.
ScanSoft history (origins)
In 1974, Raymond Kurzweil founded the Kurzweil Computer Products, Inc. to develop the first omni-font optical character recognition system — a computer program capable of recognizing text written in any normal font.[2] In 1980, Kurzweil sold his company to Xerox.[2] The company became known as Xerox Imaging Systems (XIS), and later ScanSoft.
In March 1992, a new company called Visioneer, Inc was founded to develop scanner hardware & software products, such as PaperPort. Visioneer eventually sold its hardware division to Primax Electronics, Ltd. in January 1999. Two months later, in March, Visioneer acquired ScanSoft from Xerox to form a new public company with ScanSoft as the company name.
- 1974 — Kurzweil Computer Products, Inc founded to develop the first omni-font optical character recognition system
- 1980 — Xerox buys Kurzweil Computer Products and runs it as Xerox Imaging Systems (XIS), and later ScanSoft.
- Mar. 1992 — Visioneer, Inc founded to develop scanner hardware & software products.
- Jan. 1999 — Visioneer sold its hardware division to Primax Electronics, Ltd.
- Mar. 1999 — Visioneer acquired ScanSoft from Xerox and adopts ScanSoft as new company-wide name.
Prior to 2001, ScanSoft focused primarily on desktop imaging software such as TextBridge[2], PaperPort and OmniPage. Beginning with the December 2001 acquisition of Lernout & Hauspie, the company moved into the speech recognition business and began to compete with Nuance.
Nuance history prior to the 2005 merger with ScanSoft
Nuance was founded in 1994 as a spinoff of SRI International's Speech Technology and Research (STAR) Laboratory. Based in Menlo Park, California, Nuance deployed their first commercial large-scale speech application in 1996. Nuance's products were computer telephony applications, Voice XML (VXML), SIP services, and automated call steering. Deployed in call centers and the like, Nuance applications ran on WindowsNT-based and Solaris operating systems, and commonly relied on Dialogic boards for the telephony hardware.
- 1994 — Nuance spun off from SRI's STAR Lab
- 1996 — Nuance deployed its first commercial speech application
- 2000 April 13 — Nuance files initial public offering on the Nasdaq under the symbol NUAN
- 2000 November 15 — Nuance acquires SpeechFront voice instant messaging company for $10.5MM in cash and stock.
- (Description/chronology of Nuance's actual speech product offerings needed!)
Acquisitions
Prior to the 2005 merger, ScanSoft acquired other companies to expand its business. Unlike ScanSoft, Nuance did not actively acquire companies prior to their merger. After the merge, the company continued to grow through acquisition.
ScanSoft acquisitions prior to the merger
- Mar. 2000 — Caere Corp., of Los Gatos, California — $145 million. Caere had developed OmniPage (scanner and OCR software.)
- December 2001 — Lernout & Hauspie, of Ieper, Belgium, Speech and Language division — $39.5 million
- This acquisition occurred following Lernout & Hauspie's bankruptcy proceedings. Previously, Lernout & Hauspie had acquired these speech technology companies: BBS, Berkeley Speech Technologies (1996), Centigram Communications Corporation, Dragon Systems (2000), FDC, and Kurzweil Applied Intelligence (1998).
- January 30, 2003 — Royal Philips Electronics Speech Processing Telephony and Voice Control, Dialogue Systems — $35.4 million
- Philips had previously acquired Voice Control Systems, which had in turn had acquired Pure Speech, Scott Instruments and VPC.
- August 11, 2003 — SpeechWorks, Inc., of Boston, Massachusetts, — $132 million
- SpeechWorks' major products were speech recognition and synthesis systems, which were later merged with Nuance's speech product line. It had previously acquired Eloquent Technologies, Inc., of Ithaca, New York in 2000 for $17 million and T-Netix.
- January 2004 — LocusDialog, of Montreal, Quebec
- May 2004 — Telelogue, Inc., of Iselin, New Jersey - $5.4 million
- November 2004 — ART Advanced Recognition Technologies, Ltd., of Tel Aviv, Israel – $21.5 million
- November 2004 — Rhetorical Systems Ltd., of Scotland — $6.7 million
- May. 2005 — MedRemote Inc., of Westmont, Illinois — $6.2 million
- February 1, 2005 — Phonetic Systems, Ltd., of Burlington, Massachusetts and Israel — $35 million
ScanSoft merges with Nuance; changes company-wide name to Nuance
- September 15, 2005 — ScanSoft acquired and merged with Nuance Communications, of Menlo Park, California — $221 million
Nuance acquisitions after merger
- March 31, 2006 — Dictaphone Corporation, of Stratford, Connecticut — $357 million.
- December 29, 2006 — Mobile Voice Control, Inc. of Mason, Ohio.
- March 2007 — Focus Infomatics, Inc. Woburn, Massachusetts.
- March 26, 2007 — Bluestar Resources Ltd.
- April 24, 2007 — BeVocal, Inc. of Mountain View, California — $140 million.
- August 24, 2007 — VoiceSignal Technologies, Inc. of Woburn, Massachusetts.
- August 24, 2007 — Tegic Communications, Inc. of Seattle, Washington — $265 million.
- September 28, 2007 — Commissure, Inc. of New York City, New York — 217,975 shares of common stock.
- November 2, 2007 — Vocada, Inc. of Dallas, Texas.
- November 26, 2007 — Viecore, Inc. of Mahwah, New Jersey.
- November 26, 2007 — Viecore, FSD. of Eatontown, New Jersey.
- May 20, 2008 — eScription, Inc. of Needham, MA — $340 million plus 1,294,844 shares of common stock. [3]
- August 2008 — MultiVision Communications Inc. of Markham, Ontario.
- September 26, 2008 — Philips Speech Recognition SystemsGMBH(PSRS), a business unit of Royal Philips Electronics of Vienna, Austria for about 66 million euros, or $96.1 million[4].
- October 1, 2008 — SNAPin Software, Inc. of Bellevue, WA — $180 million in shares of common stock.
- January 15, 2009 — Nuance Acquires IBM's patents Speech Technology rights.[5]
- April 10, 2009, — Zi Corporation of Calgary, Canada for approximately $35 million in cash and common stock.[6]
- July 14, 2009, — Jott Networks Inc. of Seattle, WA.[7]
- September 18, 2009, — nCore Ltd. of Oulu, Finland.[8]
- October 5, 2009 — Ecopy of Nashua, NH. Under the terms of the agreement, net consideration was approximately $54 million in Nuance common stock. [9]
- December 30, 2009 — Spinvox of Marlow, UK for $102.5m comprising $66m in cash and $36.5m in stock[10].
- February 16, 2010, Nuance announced they acquired MacSpeech[11] for an undisclosed amount[12]
The acquisition of Philips Speech Recognition Systems sparked an antitrust investigation by the US Department of Justice [13]. This investigation is focused upon medical transcription services.
Products
See also
References
- ^ a b http://www.nuance.com/company/fastfacts/
- ^ a b "KURZWEIL COMPUTER PRODUCTS, INC." Smithsonian Speech Synthesis History Project (SSSHP) 1986 - 2002
- ^ Nuance to acquire SNAPin
- ^ [1]
- ^ http://online.wsj.com/article/SB123202456169485393.html
- ^ http://finance.yahoo.com/news/Nuance-Closes-Acquisition-of-bw-14897299.html
- ^ http://finance.yahoo.com/news/Nuance-Acquires-Jott-Expands-bw-3875913939.html?x=0&.v=1
- ^ http://www.businessoulu.com/index.php?id=503&news_id=519
- ^ http://www.nuance.com/news/pressreleases/2009/20091005_ecopy.asp
- ^ http://www.reuters.com/article/idUS100921+30-Dec-2009+BW20091230
- ^ http://www.nuance.com/macspeech/
- ^ http://hosted.ap.org/dynamic/stories/U/US_NUANCE_COMMUNICATIONS_MACSPEECH?SITE=DCUSN&SECTION=HOME&TEMPLATE=DEFAULT
- ^ http://www.speechtechmag.com/Articles/News/News-Feature/UPDATED-Nuance-Comes-Under-Government-Scrutiny-55259.aspx
External links
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Categories: Software companies of the United States | Companies listed on NASDAQ | Companies established in 1992 | Companies based in Massachusetts | Voice technology
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