TMCnet News
Nuance acquires SwypeOct 07, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- Nuance Communications, Inc., a provider of speech and imaging solutions, has acquired Swype, Inc., a developer of touch screen text-input technology, for $100 million. Both the companies are based in the US. Swype previously raised venture capital funding from Nokia Growth Partners, Samsung Venture Investment Corporation, Benaroya Company, DoCoMo Capital, Inc., Ignition Partners and Samsung Ventures America. Deal Value (US$ Million) 100 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2011-10-06 Deal Participants Target (Company) Swype, Inc. Acquirer (Company) Nuance Communications, Inc. Deal Rationale With this acquisition, Nuance becomes the default provider for custom keyboard layouts on many phones. |