Nuance to Acquire Transcription Company
Nuance Communications today announced that it has agreed to purchase Transcend, a company that offers medical transcription and speech editing products, for $300 million in cash. Nuance said that the purchase will help it expands its customer base into the medical field. Nuance has acquired a number of other voice transcription and predictive text companies in the last year, including the popular Swype Android keyboard. Nuance also recently announced that it is providing the technology behind Alltel's voice-to-text transcription service for customer texts and emails.