Nuance set to acquire Telecom Italia's Loquendo
Voice and language solution provider Nuance Communications said it will acquire Telecom Italia's Loquendo, a wholly owned subsidiary of the Italian telco, in a deal Nuance said will help it push voice-enabled solutions for contact centers, automobiles, mobile phones and other consumer devices in Europe and Latin America. The deal, terms of which were not disclosed, is expected to close next month.
Loquendo's text-to-speech and automatic speech recognition and voice biometric solutions help consumers interact with technology using plain speech. The company provides a range of speech technologies for telephony, mobile, automotive, embedded and desktop solutions in 32 languages with 76 voices, which currently are deployed in 20 million devices worldwide, powering millions of calls every day in telecommunications and enterprise markets.
"The penetration of Loquendo's offerings and the company's positive industry recognition will serve as a catalyst in expanding our market reach and our voice and language portfolio," said Steve Chambers, chief marketing officer and head of the enterprise division, Nuance Communications. "Together, we will provide a range of best-in-class solutions, delivering natural, conversational interactions across a number of growing markets that will initially include enterprise, mobile and automotive--with a significant opportunity to accelerate our efforts in Europe and Latin America."
Consumers' adoption of speech technology is driving the demand for fully voice-enabled experiences across many industry segments.
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