Nuance closes Dictaphone deal

Speech recognition provider Nuance Communications has completed its acquisition of digital dictation and speech recognition firm Dictaphone of Stratford, CT, for $359 million in cash.

With the closing of the deal, Nuance of Burlington, MA, has established a Dictaphone Healthcare division, with former Dictaphone CEO Rob Schwager staying on as president of the division. Schwager will be joined by several members of the Dictaphone management team, Nuance said.

By AuntMinnie.com staff writers
March 31, 2006

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