Nuance Communications has signed a definitive agreement to acquire VoiceSignal Technologies, Inc., creating an organization with broad resources, solutions and expertise that will satisfy the accelerating demand for speech-enabled mobile devices and services. With the addition of VoiceSignal, Nuance expects to provide its solutions to more than one billion consumers within the next three years and anticipates that its total mobility revenues will exceed $125 million in fiscal year 2008. The combined company will include among its mobility customers AOL, AT&T, DaimlerChrysler, Ford, Kyocera, LG, Motorola, Nokia, Palm, Rogers Wireless, Samsung, Sanyo, Sony Ericsson, Sprint, RIM, T-Mobile, Toyota and Vodafone. Under the terms of the agreement, total consideration is approximately $293 million, net of cash, using yesterday's closing price of $15.28 per share of Nuance common stock.  The consideration comprises approximately 5.8 million shares of Nuance common stock and a net cash payment of $204 million. The transaction is expected to close in the fiscal fourth quarter and is subject to customary closing conditions and regulatory approvals.
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