Nuance Continues Move Into Mobile With Tegic Buy
Jun 21, 2007, 5:24 PM by (staff)
Nuance, a voice recognition software company, has agreed to buy Tegic from AOL. Tegic is responsible for T9 predictive text input which is used in the majority of phones sold in the US with numeric keypads. Despite its lion's share of the market, Nuance has revealed that Tegic is not profitable, however the company has paid $265 million for it. Last month Nuance bought VoiceSignal, which supplies phone manufacturers with speaker independent voice recognition software. The company is hoping to combine the two products to develop unique input methods.
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