Feeds

Nuance scoops up Spinvox

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

Seven Steps to Software Security

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. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.