Nuance (News - Alert) Communications, Inc., a company that provides speech and imaging solutions and technologies like Dragon for delivering interactive voice response (IVR) to support digital voice recordings on a PC or Mac, has just acquired Ditech Networks (News - Alert), a company which offers a suite of voice quality products and platforms for customers and voice processing solutions for carriers. Nuance bought Ditech for $1.45 a share, roughly $22.5 million U.S. dollars.
The acquisition provides a unique opportunity for Nuance who bought Ditech Networks’ voice technologies to continue its own drive towards voice recognition and make use of Ditech’s voice quality assurance (VQA) technologies to enhance how people access information, either on-premises or hosted, create messages and communicate (by voice or advanced text input).
Not only will Ditech’s Networks voice technologies help provide Nuance Communications (News - Alert) advanced voice processing solutions for wireline, mobile and VoIP carrier networks, but it will enhance their voice-to-text business with advance voicemail innovation capabilities. They anticipate the ability to convert voicemail to text, which provides “a powerful solution for today’s messaging-centric world,” will help them to take advantage of the revolution in voice recognition.
Nuance intends to add features of Ditech’s PhoneTag carrier-grade V2T automated solution to expand its current Dragon voice-to-text services and enhance their own portfolio of mobile and enterprise voice offerings. It believes that being able to incorporate Ditech Networks’ voice technologies can also help them to introduce new versions of the Dragon software in the future.
For both companies, in a fast-moving market for voice technology, the acquirement can extend the value and benefits of being able to deliver an array of speech-related products and voice recognition services as well as assurance solutions for businesses in any industry and consumers around the world.
To know more about Nuance’s speech recognition software, so-called NaturallySpeaking, click here. Otherwise, to check out other Nuance’s applications for voice recognition and text-to-speech (TTS), which are downloadable on computers or mobile devices, visit the company’s website.
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Edited by Amanda Ciccatelli