Nuance's Acquisition Spree Continues with PhoneTag Maker
Nuance Communications today announced that it has agreed to acquire Ditech Networks. Ditech's most well-known product is PhoneTag, a voicemail-to-text service for mobile phones. According to Nuance, the purchase will give it not only PhoneTag's technology and expertise, but customers as well. Additionally, Ditech has Voice Quality Assurance technology that Nuance plans to add to its own. The cash transaction, valued at about $22.5 million, has already been approved by the boards of both companies and is subject to some closing conditions. Nuance has purchased more than a half-dozen similar companies, such as Swype, SVOX, and Vlingo, in the last year.