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… → Read More
Invariably, whenever you dial into a conference call, someone is always late. Everyone waits until the last minute to call, and then it takes forever to find the email with the dial-in number and the passcode, and by the time you get through the voice prompts, you’ve already wasted five or ten minutes. A new service launching today from Ditech Networks called PoketyPoke tries to make conference… → Read More
SimulScribe, the scrappy voicemail transcription company, didn’t get acquired exactly, but it just signed an exclusive partnership agreement with Ditech Networks that could be worth as much as $17 million. The deal is $7 million in cash up front with a $10 million earnout, and gives Ditech the exclusive rights to resell SimulScribe’s speech-to-text transcription services on a wholesale basis to… → Read More
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