Monday, January 26, 2009

SVOX purchases Siemens AG speech-related IP

Following Nuance's acquisition of IBM speech technology intellectual property two weeks ago, Zurich-based SVOX today announced the purchase of the Siemens AG speech recognition technology group. The deal gears at creating "obvious synergies of developing TTS, ASR and speech dialog solutions" and enhances SVOX's portfolio of technologies, which to date included only highly specialized speech synthesis solutions, to now entail speech recognition.
Like the Nuance-IBM deal (and unlike the Microsoft acquisition of TellMe), this merger breaks with the obvious big-fish small-fish paradigm. Here, a larger company's (IBM, Siemens) R&D division was sold to a smaller, more specialized company (SVOX, Nuance).
Both transactions come with an intend to pursue development of novel interactive voice applications. However while Nuance announced the potential development of applications across platforms and environment with IBM expertise and IP, SVOX appears to stay on course with its successful line of automotive solutions to build
"a commanding market share in speech solutions for premium cars".

This deal adds SVOX to a list of companies offering network and embedded speech recognition technologies, also including Nuance, Telisma, Loquendo and Microsoft. Financial terms of the deal were not announced.

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