Ditech Networks Acquired By Nuance
San Jose-based Ditech Networks, which develops voice processing technology used by carriers for understanding human speech, has been acquired by speech recognition technology provider Nuance. The deal is worth approximately $22.5M, or $1.45 per share in cash of publicly held Ditech. Nuance said the buy will enhance its portfolio of offerings. The deal inclkudes Ditech's PhoneTag voicemail-to-text services.
posted on Tuesday, September 18, 2012
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Ditech Networks
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