Nuance To Acquire Ditech Networks For $1.45/Share To Bolster Voice-To-Text Capabilities

Looks like Nuance has been up to more than just updating its myriad applications. The company has announced that it will acquire San Jose-based Ditech Networks for $1.45 per share, which works out to a net total of $22.5 million. While the boards of both companies have signed off on the transaction, the deal isn't expected to close until later this year. I can't blame you if Ditech Networks hasn't popped up on your radar before -- the company deals mostly with voice processing technology used by wireline service providers and mobile carriers, and counts AT&T, Verizon, Sprint/Nextel, and China Unicom among its larger clients. It may not be the most compelling company you'll hear about all day, but Nuance would probably beg to differ.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/u8iPIKQczkI/

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