Feeds

Nuance scoops up Spinvox

Voice-to-text-to-human. Or something

Internet Security Threat Report 2014

US speech recognition outfit Nuance Communications has bought Spinvox for £64m ($102.5m).

Massachusetts-based Nuance had made a $150m offer for Spinvox, which the British firm was said to be "close to accepting" in mid-December.

Today Nuance confirmed it had bought Spinvox in a $66m cash and $36.5m, or 2.3m shares, stock deal.

Nuance had first approached Spinvox as a potential suitor in September this year. Not long after that the British company began laying off staff at its Marlow headquarters.

Spinvox, in a humiliating climbdown, was forced to admit in the summer that it needed humans in call centres to supplement its technology.

In August one of its backers, John Botts, extended a new loan to the firm through his Tisbury Master Fund.

It's understood that Botts rolled over his loan - which was expected to be paid by mid-December - to next month in order that the Nuance deal could proceed.

“With SpinVox’s robust infrastructure, language support and operational experience, we will broaden the reach and capabilities of our platform,” said Nuance voice-to-text services veep John Pollard. ®

Remote control for virtualized desktops

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.