SpinVox close to accepting $150 million takeover by Nuance
abstract:
When Spinvox, British voicemail-to-text Company was launched in 2003, it won acclaim for its innovative use of speech recognition technology and its future looked bright. Nothing was known at that time that the company once known as the rising star in the British technology companies will lose both its name and recognition within a few years.
US based Nuance Communications, a speech-recognition company is about to take over Spinvox, for US$150 million. The reason behind the turmoil in the company is accredited to the failure of some of the promising contracts with major operators.
date of publication:
2009-12-12 00:00
news service:
Wireless Federation