Thursday, October 2, 2008

Nuance buys Philips Speech Recognition Systems

Nuance announced this week its acquisition of Philips Speech Recognition Systems. This represents another step in a series of acquisition by the speech technology giant towards market and portfolio expansion. In 2002, Scansoft Inc., which through further mergers and acquisitions became today's Nuance, already acquired Philips' network speech processing group, though not its dictation unit. With this weeks acquisition, the dictation unit will be incorporated into Nuance's already strong dictation portfolio, expanding especially on European healthcare markets, the company announced. Highlights of the purchase include increasing customer base, language & solutions portfolios, distribution channels as well as a great leap forward in international expansion.