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Nuance Communications acquires Jott Networks

Posted on: Thu, 16 Jul 2009 14:44:00 EDT

Symbols: NUAN, SSFT

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Jul 16, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
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.

For full details on Nuance Communications Inc (NUAN) NUAN. Nuance Communications Inc (NUAN) has Short Term PowerRatings at TradingMarkets. Details on Nuance Communications Inc (NUAN) Short Term PowerRatings is available at This Link.

For full details on (SSFT) SSFT. (SSFT) has Short Term PowerRatings at TradingMarkets. Details on (SSFT) Short Term PowerRatings is available at This Link.

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