Nuance Acquires SpinVox, Accelerates Expansion of Voice-to-Text Business

Wed Dec 30, 2009 9:30am EST

* Reuters is not responsible for the content in this press release.

Nuance to Leverage SpinVox`s Voice-to-Text Infrastructure and Language Support
to Drive Continued Adoption among Carriers and Enterprises around the World


BURLINGTON, Mass. & MARLOW, U.K.--(Business Wire)--
Nuance Communications, Inc. (NASDAQ: NUAN) today announced that it has acquired
SpinVox, a leading provider of voice-to-text services to telecommunications
companies across five continents. By integrating SpinVox`s carrier services with
Nuance`s advanced speech recognition platform, Nuance will further accelerate
the growth of its voice-to-text business and scale to meet the needs of a
growing, global customer base. 

As the estimated number of operational voicemail boxes in the world has passed
one billion, and consumer and corporate activity now generate over 150 billion
voicemails a year, Nuance and SpinVox have experienced strong interest in
voice-to-text automation. The two companies helped pioneer solutions that
utilize speech recognition and transcription workflow solutions to convert
voicemails into text that can be sent to users as SMS or email messages. This
transaction marries innovative speech solutions and robust carrier-grade
infrastructure to accelerate innovation, and deliver these voice-to-text
services to global subscribers. 

"Around the world, the voice-to-text market has experienced tremendous growth
over the last year, with a variety of innovative services being delivered by
carriers and unified communications providers," said John Pollard, vice
president, Nuance Voice-to-Text Services. "With SpinVox`s robust infrastructure,
language support and operational experience, we will broaden the reach and
capabilities of our platform." 

Through this acquisition, Nuance intends to expand its operations and accelerate
growth in three key areas:

* Service quality. The combination of SpinVox`s global infrastructure with
Nuance`s proven speech recognition technology provides robust, carrier-grade
voice-to-text services with outstanding quality, ISO security certification, and
highly-scaled production systems that handle millions of messages per day; 
* Global reach. The combination will achieve the broadest language support in
the industry, including English, Spanish, German, Italian, French, and
Portuguese, and a customer list that includes major carriers throughout North
America, Europe, South America, and Australia; and, 
* Innovation. By combining Nuance`s sophisticated speech recognition
technologies with both companies` experienced solutions development teams,
Nuance expects to accelerate innovation for voice-to-text services. The
acquisition creates a voice-to-text platform - comprising full and partial
speech automation, Web services integration and advanced features - that is
state-of-the-art today, and offers customers and partners the assurance of
technological leadership through its robust product and services roadmap.

Under the terms of the agreement, consideration for the transaction is
approximately $102.5 million, comprising $66 million in cash and $36.5 million,
or approximately 2.3 million shares, in Nuance common stock. 

About SpinVox

SpinVox is a leading voice-to-text company. SpinVox works with mobile operators,
cable companies and application developers to deliver network and enterprise
voice-to-text solutions that make daily communications simpler by converting the
two most useful forms of communications - voice and text. SpinVox customers
include a number of major carriers including Alltel, Bell Mobility, Rogers
Wireless, TELUS, Movistar, Optus, Vodacom, Vodafone Spain, Telstra, Skype and
others. For more information, please visit www.spinvox.com. 

About Nuance Communications, Inc.

Nuance is a leading provider of speech and imaging solutions for businesses and
consumers around the world. Its technologies, applications and services make the
user experience more compelling by transforming the way people interact with
information and how they create, share and use documents. Every day, millions of
users and thousands of businesses experience Nuance`s proven applications and
professional services. For more information, please visit: Nuance.com. 

Nuance and the Nuance logo are trademarks or registered trademarks of Nuance
Communications, Inc. or its subsidiaries in the United States of America and/or
other countries. All other company names or product names may be the trademarks
of their respective owners.

Statements in this document regarding accelerating growth for Nuance`s
voice-to-text business, the product and service capabilities of the combined
company and the market for those products and services, benefits and synergies
of the transaction, future opportunities for the combined company, and any other
statements about management`s future expectations, beliefs, goals, plans or
prospects constitute forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements that are not
statements of historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," estimates and similar
expressions) should also be considered to be forward looking statements. There
are a number of important factors that could cause actual results or events to
differ materially from those indicated by such forward looking statements,
including: the ability of Nuance to successfully integrate the product and
service offerings of the combined company, the ability to retain SpinVox`s
partners and customers, and the other factors described in Nuance`s Annual
Report on Form 10-K for the fiscal year ended September 30, 2009 and other
filings with the U.S. Securities and Exchange Commission. Nuance disclaims any
intention or obligation to update any forward looking statements as a result of
developments occurring after the date of this document.

Nuance
Nuance Communications
Richard Mack, 781-565-5000
richard.mack@Nuance.com
or
Nuance Communications
Rebecca Paquette, 781-565-5000
rebecca.paquette@Nuance.com
or
Nuance Communications International
Vanessa Richter, +32-9-239 80 31
vanessa.richter@nuance.com
or
SpinVox
Brunswick Group
Chris Blundell, +44 (0) 207 404 5959
cblundell@brunswickgroup.com

Copyright Business Wire 2009