Key Developments: Nuance Communications Inc (NUAN.O)

Latest Key Developments (Source: Significant Developments)

Nuance Communications Inc Comments On FY 2013 Revenue Guidance-Conference Call
Tuesday, 30 Apr 2013 08:00am EDT

Nuance Communications Inc announced that for fiscal 2013, it expects revenue performance to be more or less flat organically compared to fiscal 2012. Full Article

Nuance Communications Inc Announces $500 Million Stock Repurchase Plan
Tuesday, 30 Apr 2013 06:31am EDT

Nuance Communications Inc announced that the Board of Directors has approved a $500 million stock repurchase plan, reflecting the Company's strong balance sheet and prospects for continued growth. Under the plan, Nuance intends to repurchase up to $500 million of outstanding shares of common stock. Stock repurchases may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated stock repurchase transactions, or any combination of such methods. The timing and the amount of any purchases will be determined by the Company's management based on evaluation of market conditions, capital allocation alternatives, and other factors. The share repurchase plan does not require the Company to acquire any specific number of shares and may be modified suspended, extended or terminated by the Company at any time without prior notice. Full Article

Nuance Communications Inc Announces Strategic Collaboration With AutoNavi Holdings Ltd
Wednesday, 17 Apr 2013 08:00am EDT

Nuance Communications Inc announced strategic collaboration with AutoNavi Holdings Ltd, a provider of digital map content and navigation and location-based solutions in China, to bring more intuitive voice-enabled navigation capabilities to the Chinese market. Specifically, the two companies will collaborate on the voice-enabled navigation product AutoNavi Map that will be made available in the second quarter of 2013 to the automotive and navigation device manufacturers developing navigation offerings supporting Chinese languages. As a result of collaboration with Nuance, AutoNavi will be able to deeply integrate voice data to their core navigation data and further optimize the user experience for map navigation products shipping in China, as well as meet the localization demands of global automotive manufacturers in the China market. AutoNavi will rely on Nuance's voice technologies to provide more accurate voice recognition and text-to-speech. Full Article

Nuance Communications Inc Closes Ditech Networks, Inc. Acquisition
Tuesday, 4 Dec 2012 05:30pm EST

Nuance Communications Inc announced that it has closed its acquisition of Ditech Networks, Inc. Ditech Networks' voice technologies, including the company's Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services, will be integrated into Nuance’s portfolio of mobile and enterprise voicemail-to-text offerings. Full Article

Nuance Communications Inc Prices $350 Million Offering Of 5.375% Senior Notes due 2020
Monday, 15 Oct 2012 05:39pm EDT

Nuance Communications Inc announced that the pricing of an offering of $350.0 million aggregate principal amount of its 5.375% senior notes due 2020 (the “Notes”). The Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes will be offered at $1,017.50 for each $1,000 principal amount of Notes, plus accrued interest from August 14, 2012. The Notes will be fully and unconditionally guaranteed on a senior, unsecured basis by substantially all of Nuance’s domestic subsidiaries. The sale of the Notes is expected to close on October 22, 2012, subject to the satisfaction of customary closing conditions. The aggregate net proceeds to Nuance from the offering of the Notes will be approximately $353.3 million. Nuance intends to use approximately $144 million of the net proceeds to repay indebtedness that matures in 2013 under its existing credit facility and intends to use the remaining net proceeds for acquisitions and general corporate purposes, including working capital and capital expenditures. Full Article

Nuance Communications Inc Proposes $350 Million Offering Of 5.375% Senior Notes Due 2020
Monday, 15 Oct 2012 07:11am EDT

Nuance Communications Inc announced that it intends to offer, approximately $350 million aggregate principal amount of 5.375% senior notes due 2020 through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes and Nuance's outstanding $700.0 million aggregate principal amount of 5.375% Senior Notes due 2020 issued on August 14, 2012 will be treated as a single class for all purposes. The Notes will mature on August 15, 2020, unless earlier repurchased or redeemed. Holders may require Nuance to repurchase their Notes upon the occurrence of certain change of control events at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest. The aggregate net proceeds to Nuance from the offering of the Notes are expected to be approximately $354.2 million. Nuance intends to use approximately $144 million of the net proceeds to repay indebtedness that matures in 2013 under existing credit facility and intends to use the remaining net proceeds for acquisitions and general corporate purposes, including working capital and capital expenditures. Full Article

Nuance Communications Inc Acquires J.A. Thomas and Associates
Monday, 1 Oct 2012 11:19am EDT

Nuance Communications Inc announced that it has acquired J.A. Thomas and Associates (JATA), provider of physician-oriented, clinical documentation improvement (CDI) programs for the healthcare industry. JATA helped establish the CDI industry and for more than two decades has provided technology and professional services that improve clinical documentation for healthcare providers. Its managed, end-to-end CDI solution has helped more than 500 hospitals improve patient care documentation by starting the CDI process with the physician at the point of care, resulting in more accurate and complete clinical documentation. With JATA integrated into a single platform for end-to-end clinical documentation, the combined Nuance Healthcare solution is creating a process for hospitals to efficiently transition to ICD-10 through the creation of more clinically accurate documentation. Nuance will deliver this capability by integrating the CDI strategies from JATA into Nuance`s Clinical Language Understanding (CLU) technology. Nuance CLU, enhanced with JATA CDI strategies, will power both Dragon Medical 360 physician solutions and Quantim HIM computer-assisted coding (CAC) and CDI solutions, creating a bridge between the clinically accurate patient record and the ICD-10 coded information. Terms of the transaction were not disclosed. Full Article

Nuance Communications Inc To Acquire Quantim, QuadraMed’s HIM Business
Thursday, 27 Sep 2012 08:00am EDT

Nuance Communications Inc announced that it has signed a definitive agreement to acquire Quantim, the Health Information Management (HIM) business of QuadraMed, a provider of information technology solutions for the healthcare industry. Terms of the transaction were not disclosed. Full Article

Nuance Communications Inc to Acquire Ditech Networks Inc
Tuesday, 18 Sep 2012 08:00am EDT

Nuance Communications Inc announced that it has signed an agreement to acquire Ditech Networks Inc, Ditech Networks’ voice technologies, including the company’s Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services, will further enhance Nuance’s portfolio of mobile and enterprise voice offerings. Nuance has agreed to acquire Ditech Networks for $1.45 per share in cash, representing a total enterprise value of approximately $22.5 million, net of Ditech Networks’ cash as of the signing date. The transaction has been unanimously approved by the Boards of Directors of each company. The transaction is expected to close late in 2012. Full Article

Nuance Communications Inc Prices $700 Million Offering Of 5.375% Senior Notes
Thursday, 9 Aug 2012 04:59pm EDT

Nuance Communications Inc announced the pricing of an offering of $700.0 million aggregate principal amount of its 5.375% senior notes due 2020 (the Notes). The Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes will be fully and unconditionally guaranteed on a senior, unsecured basis by substantially all of Nuance’s domestic subsidiaries. The sale of the Notes is expected to close on August 14, 2012, subject to the satisfaction of customary closing conditions. Interest on the Notes will accrue at a rate of 5.375% per year, and will be payable in cash semi-annually in arrears, beginning on February 15, 2013. The aggregate net proceeds to Nuance from the offering of the Notes will be approximately $687.6 million. Nuance intends to use the net proceeds for acquisitions and general corporate purposes, including working capital and capital expenditures. Full Article

Nuance Communications Inc News

Icahn ups stake in Nuance to 10.72 percent from 9.27 percent: filing

NEW YORK - Billionaire investor Carl Icahn increased his stake in speech recognition and digital imaging software maker Nuance Communications Inc from 9.27 percent to 10.72 percent, a filing with the Securities and Exchange Commission showed on Tuesday.

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