Nuance acquires MacSpeech
Boston, MA, February 16, 2010 – Mirus Capital Advisors, a middle-market investment bank specializing in mergers and acquisitions, announced today that it has advised the management and shareholders of MacSpeech on the sale of its business to Nuance Communications (NASDAQ: NUAN), a leading provider of speech and imaging solutions for businesses and consumers around the world. MacSpeech is the leader in providing speech recognition software for the Macintosh marketplace and is headquartered in Salem, New Hampshire.
“The investment banking team at Mirus Capital Advisors exceeded my expectations for professionalism and service,” said MacSpeech’s founder and Chief Executive Officer, Andrew Taylor. “Their thoughtful and timely advice was instrumental in helping us navigate a rigorous due diligence process and negotiate a transaction that provided a superior outcome for our principals, our shareholders, and our customers.”
The acquisition of MacSpeech provides Nuance with a well-recognized and respected brand and product suite for the Macintosh market. In addition to MacSpeech Dictate, its flagship product, the company recently launched several new products, including Dictate International, Medical and Legal Dictation, MacSpeech Mobile, and MacSpeech Scribe. Through the acquisition of MacSpeech, Nuance will be positioned to accelerate the growth opportunity for MacSpeech products by adding additional research and development support, sales and marketing support, and new distribution channels.
“MacSpeech’s knowledge of the Mac platform and its deep understanding of Mac users, coupled with our decades-long experience with speech recognition and the popular Dragon brand, will allow us to provide the world’s best dictation technology in a solution that is 100-percent Mac,” said Peter Mahoney, Nuance’s senior vice president and general manager for Dragon.
MacSpeech is a Mac-only company dedicated to producing the finest speech recognition products for Macintosh. Further information on MacSpeech can be found at www.macspeech.com.
Nuance Communications, Inc.
Nuance (NASDAQ:NUAN) is a leading provider of speech and imaging solutions for businesses and consumers around the world. Its technologies, applications and services make the user experience more compelling by transforming the way people interact with information and how they create, share and use documents. Every day, millions of users and thousands of businesses experience Nuance’s proven applications and professional services. For more information, please visit: www.nuance.com.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.Back to Transactions