Business
Speech software company makes deal
NEWS IN BRIEF — Posted Feb. 27, 2006
Nuance Communications Inc., which sells the Dragon Naturally Speaking speech-recognition software to physicians, on Feb. 8 agreed to acquire Dictaphone Corp., for $357 million. The proposed acquisition, expected to close by April 1, enables Burlington, Mass.,-based Nuance, formerly ScanSoft Inc., to expand further into the health care market.
Dictaphone, headquartered in Stratford, Conn., sells dictation and transcription software and has an installed client base of more than 4,000 hospitals and outpatient care facilities, and approximately 400,000 physicians.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/02/27/bibf0227.htm.