Nuance looking at possible sale of the company: report

June 17, 2014 - 

Nuance Communications could be looking to sell the company, according to a report in the Wall St, Journal.

According to the report, people close to the issue told the Wall St Journal that the speech recognition company has spoken with Samsung about a possible sale, as well as other private-equity firms. As of yet, it’s unclear where these sale talks stand and whether any of them will lead to a deal.

Reported previously in BiometricUpdate.com, billionaire investor Carl Icahn recently boosted his shares in the company, purchasing an additional 50,900 shares. This brought Icahn’s holdings to 60,784,623 shares. Last year, Icahn gained two seats on the company board and appointed Brett Icahn and David Schecter.

According to a recent report on the voice verification market, the market is in its nascent stages of development, but growth is anticipated as voice biometrics and speech recognition become more widely used.

BiometricUpdate.com recently took a look an extended look at voice biometrics as a modality, including some early examples, as well as an exploration of potential developments and innovations. Read the full feature here.

Biometrics Research Group, Inc. last month published a report on voice biometrics that looks at both speech recognition and speaker/voice recognition and provides a basic analysis of respective market sizes with a look at some of the main vendors controlling the space including Nuance Communications, ValidSoft Ltd. and VoiceTrust. Read the report here.

 

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj