Dictaphone to sell Communication Recording Systems to NICE.Dictaphone Corporation, a provider of dictation, transcription transcription /trans·crip·tion/ (-krip´shun) the synthesis of RNA using a DNA template catalyzed by RNA polymerase; the base sequences of the RNA and DNA are complementary. tran·scrip·tion n. , speech recognition and natural language processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as systems, has announced that it has signed a definitive agreement with NICE Systems, under which NICE will acquire the assets of Dictaphone's Communication Recording Systems (CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ) business for $38.5 million. The CRS unit is a provider of recording systems for 9-1-1 centers and other operations in the public safety, financial and call center markets. The boards of both companies have unanimously approved the transaction, which is expected to close by the end of the second quarter of 2005, subject to certain closing conditions. Dictaphone's sale of the CRS unit is part of its strategy to create a company focused principally on the healthcare information technology market. "I am pleased that the CRS business has found a good home with an industry leader such as NICE Systems," said Rob Schwager Schwager (meaning "brother in law" in the German language) is the surname of
Dictaphone will retain its Integrated Voice Systems and other business units. www.dictaphone.com, www.nice.com |
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