Thursday, August 14, 2008

Nuance Bids to Acquire Zi, Potentially Combining Speech with Predictive Text Input

Nuance Communications has submitted a proposal to the board of Zi Corporation to acquire the company for U.S. $0.80 per share in cash. This represents more than a 150 percent premium over the closing price of Zi Corporation common stock on August 13, 2008.

Zi provides discovery and usability solutions for Mobile Search, Input and Advertising. Zi's suite of products include predictive text input solutions that are embedded on mobile phones, hand-held computers, gaming consoles, PDAs, VoIP phones, telematic systems, television set-top boxes and other consumer electronic devices. The company says its software is featured on more than 1000 handset models.

Nuance is a leading provider of speech recognition and voice control technologies.http://www.nuance.com

See also