Nuance buys T9 company Tegic from Time Warner and AOL
Posted on 23-Jun-2007 13:32
Filed under: News
Nuance Communications, Inc. and Time Warner Inc's AOL have signed a definitive agreement that will see Nuance acquiring Tegic Communications Inc., a wholly owned subsidiary of AOL LLC and a developer of embedded software for mobile devices.
Tegic develops T9 predictive text input software, which has shipped on more than 2.5 billion devices, and next-generation integrated text and touch input solutions. The companies share a common focus and strategy for serving the needs of their shared customers and partners within the mobile industry, including Nokia, Samsung, Sony Ericsson, LG and Motorola.
Building on a partnership between Nuance and Tegic established in 2005, Nuance intends to deliver an all-in-one interface that integrates Nuance and Tegic solutions to support predictive text, speech and touch input. This multimodal interface will provide easier access for users of mobile devices and will be available to all manufacturers across their product lines.
Time Warner Inc. Chairman and CEO Dick Parsons said: “AOL's sale of Tegic marks yet another step in our overall strategy of focusing on our core assets to drive profitable growth for our shareholders. As AOL continues to make impressive progress, it's more important than ever that AOL's resources are fully aligned behind growing its worldwide advertising businesses.”
With the addition of Tegic, Nuance will significantly expand its presence on mobile devices. Tegic's flagship T9 predictive text product is embedded on more phones than any other single mobile software.