Nuance (NUAN) to Strengthen Voice Portfolio with Acquisition of Ditech (DITC) (ALU) (AUDC)
Tweet
Share
E-mail
Earlier in the session, Nuance Communications (Nasdaq: NUAN) announced that it entered an agreement to acquire Ditech Networks (Nasdaq: DITC) for $1.45 per share, or total value of about $22.5 million.
Ditech and Nuance were competitors in the voice services space, according to Ditech's most recent annual filing. Other than voice services, Ditech also has a presence in such industries as VoIP and stand-alone echo and voice-quality segments as well. Two notable products include Ditech's Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services.
With the acquisition, Nuance said it plans to enhance mobile and enterprise voice offerings.
Though Ditech is a relatively small company, some of its peers that might see some action today include: Sonus Networks (Nasdaq: SONS), Alcatel-Lucent (NYSE: ALU), Audiocodes (Nasdaq: AUDC), Acme Packet (Nasdaq: APKT), Tellabs (Nasdaq: TLAB), and many others.
Shares of Ditech were halted, while Nuance is ticking higher Tuesday morning.
Ditech and Nuance were competitors in the voice services space, according to Ditech's most recent annual filing. Other than voice services, Ditech also has a presence in such industries as VoIP and stand-alone echo and voice-quality segments as well. Two notable products include Ditech's Voice Quality Assurance (VQA) technology and PhoneTag voicemail-to-text services.
With the acquisition, Nuance said it plans to enhance mobile and enterprise voice offerings.
Though Ditech is a relatively small company, some of its peers that might see some action today include: Sonus Networks (Nasdaq: SONS), Alcatel-Lucent (NYSE: ALU), Audiocodes (Nasdaq: AUDC), Acme Packet (Nasdaq: APKT), Tellabs (Nasdaq: TLAB), and many others.
Shares of Ditech were halted, while Nuance is ticking higher Tuesday morning.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Anthropic plans IPO potentially exceeding SpaceX's $86B record - Bloomberg
- Bessent on bonds: buyback could be more than 4 billion - CNBC
- China, Switzerland agree free-trade agreement removing tariffs
Create E-mail Alert Related Categories
Mergers and Acquisitions, Trader Talk, Trading HaltsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
