Disqus
Nuance Communications has officially closed the acquisition of Zi Corporation. As a result, Zi’s complementary solutions for mobile search and text input will become part of Nuance’s portfolio of intuitive touch and speech interfaces.
As for the financial details, Zi shareholders will receive $0.34 in cash and approximately .037 shares of Nuance common stock for each common share of Zi that they own. Trading in Zi common stock has ceased on NASDAQ and the Toronto Stock Exchange (TSX).
Commenting on the announcement, Nuance’s Steve Chambers said: “…Zi acquisition is also a key component of a broader Nuance strategy to give mobile device manufacturers and operators the ability to deliver breakthroughs in device accessibility via speech, predictive text and search, handwriting recognition, and powerful call-intercept capabilities.”
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
