Boston.com ran an article that announced how Nuance Communications Inc. has intentions to buy Transcend Services Inc. for $300 million.
Here is a quote from the official press release:
“The acquisition of Transcend will expand the delivery of our innovative voice and Clinical Language Understanding solutions especially to small- and mid-size hospitals,” said Janet Dillione, executive vice president and general manager of Nuance’s Healthcare business. “With Transcend, we will drive change and improvement to the way these hospitals capture and leverage clinical information. The acquisition is a natural extension of Nuance’s existing healthcare business, and will strengthen our solution and services portfolio, as well as enhance our profitability.”
Moreover, the article made mention of how Nuance’s speech recognition technology is incorporated into the latest version of the iPhone from Apple Inc., which calls its voice-recognition function Siri. There’s been much speculation that Siri will be a feature of a new edition of the iPad, Apple’s tablet computer. The new version of the iPad is expected to be unveiled today.