Nuance Communications acquires Jott Networks
SSFT | Quote | Chart | News | PowerRating -- Nuance Communications, Inc. (ScanSoft, Inc.) has acquired Jott Networks, Inc., a provider of mobile voice-to-text applications. Both the companies are based in the US.
Nuance Communications is a provider of speech and imaging solutions for businesses and consumers.
The vendors include Ackerley Partners, LLC, Atomico Ventures, and Draper Richards LP.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2009-07-14
Deal Participants
Target (Company) Jott Networks, Inc.
Acquirer (Company) Nuance Communications, Inc.
Deal Rationale
The acquisition would enable Nuance Communications to expand its market reach and mobile division voice services portfolio.
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