AAA Siemens sees nuance in SVOX exit

Siemens sees nuance in SVOX exit

Nuance Communications, a Nasdaq-listed voice equipment supplier, has acquired Switzerland-based SVOX, which provides voice applications for in-car systems and consumer electronics, for an undisclosed amount.

Germany-based industrial conglomerate Siemens had previously backed SVOX from its Siemens Mobile Acceleration corporate venturing fund  in October 2002 before then selling its Professional Speech Processing Group to the portfolio company in January 2009.

Leave a comment

Your email address will not be published. Required fields are marked *