ScanSoft, Nuance shareholders approve merger.ScanSoft, Inc. and Nuance Communications Nuance Communications is a computer software technology company. Their current worldwide headquarters is in Burlington, Massachusetts in the United States. Nuance provides speech and imaging solutions and is mainly known for its speech recognition and speech synthesis software that , Inc. have announced that their respective shareholders have voted in favor of upon the side of; favorable to; for the advantage of. See also: favor the proposed merger of Nuance nu·ance n. 1. A subtle or slight degree of difference, as in meaning, feeling, or tone; a gradation. 2. Expression or appreciation of subtle shades of meaning, feeling, or tone: with ScanSoft, and all other proposals, at their respective special meetings. Of the outstanding ScanSoft shares voted, approximately 98 percent were voted in favor of the transaction; and of the outstanding Nuance shares voted, approximately 99 percent were voted in favor of the transaction. Upon closing the transaction, Nuance shareholders will receive 0.77 shares of ScanSoft common stock, and $2.20 of cash, for each share of Nuance common stock that they own. The transaction closed in September. The ScanSoft and Nuance merger was forged to bring together what the company calls "the industry's most comprehensive portfolio of speech applications, technologies and expertise, which will enable customers to effectively deploy innovative speech-based solutions." The combined organization is expected to have the technical resources and intellectual property required to develop new and innovative speech solutions to deliver enhanced value to customers. The company stated that, "With leading technology, a premier partner network and an organization dedicated to speech, the company will be able to compete more effectively in new and expanding markets and provide value for its most important stakeholders--its customers, partners, investors and employees." www.nuance.com/www.scansoft.com RELATED ARTICLE: Definition Du Jour du jour adj. 1. Prepared for a given day: The soup du jour is cream of potato. 2. Most recent; current: the trend du jour. Voice Portal An interactive voice response (IVR) front end to a data retrieval system. This does not differ in core technology from traditional IVR; rather, the difference is in the application presented. Where old-style IVR was mostly a routing application (press 1 for sales, 2 for service, etc. A "window" into Web-based content that allows users to search for information by speaking the commands via natural language. Voice portals allow the telephone to be used as a means of accessing the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the or intranets, rather than just the PC. |
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