EX-99.1
5
b66715ncexv99w1.htm
EX-99.1 PRESS RELEASE DATED AUGUST 24, 2007
exv99w1
Exhibit 99.1
News Release
From Nuance Communications
Contacts:
For Investors and
Press
For Press
Richard Mack
Valerie
Christopherson
Nuance Communications, Inc.
Global Results PR
Tel:
781-565-5055
Tel: (949) 306-6476
Email:
richard.mack@nuance.com
Email:
valerie.christopherson@globalresults.com
Nuance
Closes Acquisition of Tegic Communications
Combination Further Expands Nuance's Presence and
Leadership
in the Accelerating Mobile Industry
BURLINGTON, Mass., August 24, 2007
-
Nuance Communications, Inc. (NASDAQ: NUAN), the world's
leading supplier of speech and imaging solutions, today
announced it has closed the acquisition of Tegic Communications
Inc., a wholly owned subsidiary of Time Warner Inc.'s AOL
LLC and a developer of embedded software for mobile devices. The
acquisition expands Nuance's presence in the mobile
industry and allows it to further accelerate the delivery of
solutions that redefine the way people interact with mobile
devices.
The combined product portfolio of the two companies overcomes
the traditional keypad constraints of mobile devices to deliver
new levels of convenience and accessibility for online and
on-device content search, navigation, download and management.
Tegic brings industry-leading T9 predictive text input software,
which has shipped on more than 2.5 billion devices, its XT9
next-generation integrated text and touch input solution, and
its soon-to-be-released, text-based search and discovery
software to Nuance's portfolio of voice-enabled
applications for device control, mobile search, email and text
messaging. The acquisition accelerates Nuance's strategy
and vision to deliver a more convenient and simple way for
consumers to control features and access information on their
phones, and search and navigate the mobile Web.
In connection with the acquisition of Tegic and in accordance
with NASDAQ Marketplace Rule 4350, Nuance will grant
275,000 shares of its common stock, in the form of
stand-alone restricted stock units, as an inducement that is
material to 68 individuals entering into employment arrangements
with Nuance. The restricted stock units will be granted upon the
approval of the Compensation Committee of Nuance's Board of
Directors. The restricted stock units generally vest over a four
year period.
About
Nuance Communications, Inc.
Nuance is a leading provider of speech and imaging solutions for
business and consumers around the world. Its technologies,
applications, and services make the user experience more
compelling by transforming the way people interact with
information and how they create, share, and use documents. Every
day, millions of users and thousands of businesses experience
Nuance's proven applications. For more information, please
visit www.nuance.com.
Nuance, the Nuance logo, and Tegic Communications are
trademarks or registered trademarks of Nuance Communications,
Inc. or its affiliates in the United States
and/or
other
countries. All other trademarks referenced herein are the
property of their respective owners.
SAFE
HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding Nuance's acquisition
of Tegic, the product portfolio of the combined company and the
mobile industry for those products, the companies'
strategies for serving the needs of their customers, the
anticipated development and success of new interfaces for mobile
devices, enhanced capabilities of mobile devices and networks
and increasing demand for these services, benefits and synergies
of the transaction, future opportunities for the combined
company, and any other statements about Nuance management's
future expectations, beliefs, goals, plans or prospects
constitute forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
that are not statements of historical fact (including statements
containing the words "believes", "plans,"
"anticipates", "expects,"
"estimates" and similar expressions) should also be
considered to be forward looking statements. There are a number
of important factors that could cause actual results or events
to differ materially from those indicated by such forward
looking statements, including: the ability to consummate the
transaction; the ability of Nuance to successfully integrate
Tegic's operations and employees; the ability to realize
anticipated synergies and cost savings; the failure to retain
customers; and the other factors described in Nuance's
Quarterly Report on
Form 10-Q
for the fiscal quarter ended June 30, 2007. Nuance
disclaims any intention or obligation to update any forward
looking statements as a result of developments occurring after
the date of this document.
2

EX - 99 . 1 5 b66715ncexv99w1 . htm EX - 99 . 1 PRESS RELEASE DATED AUGUST 24 , 2007 exv99w1 Exhibit 99 . 1 News Release From Nuance Communications Contacts : For Investors and Press For Press Richard Mack Valerie Christopherson Nuance Communications , Inc . Global Results PR Tel : 781 - 565 - 5055 Tel : ( 949 ) 306 - 6476 Email : richard.mack@nuance.com Email : valerie.christopherson@globalresults.com Nuance Closes Acquisition of Tegic Communications Combination Further Expands Nuance 's Presence and Leadership in the Accelerating Mobile Industry BURLINGTON , Mass . , August 24 , 2007 - Nuance Communications , Inc . ( NASDAQ : NUAN ) , the world 's leading supplier of speech and imaging solutions , today announced it has closed the acquisition of Tegic Communications Inc . , a wholly owned subsidiary of Time Warner Inc . 's AOL LLC and a developer of embedded software for mobile devices . The acquisition expands Nuance 's presence in the mobile industry and allows it to further accelerate the delivery of solutions that redefine the way people interact with mobile devices . The combined product portfolio of the two companies overcomes the traditional keypad constraints of mobile devices to deliver new levels of convenience and accessibility for online and on - device content search , navigation , download and management . Tegic brings industry - leading T9 predictive text input software , which has shipped on more than 2 . 5 billion devices , its XT9 next - generation integrated text and touch input solution , and its soon - to - be - released , text - based search and discovery software to Nuance 's portfolio of voice - enabled applications for device control , mobile search , email and text messaging . The acquisition accelerates Nuance 's strategy and vision to deliver a more convenient and simple way for consumers to control features and access information on their phones , and search and navigate the mobile Web . In connection with the acquisition of Tegic and in accordance with NASDAQ Marketplace Rule 4350 , Nuance will grant 275,000 shares of its common stock , in the form of stand - alone restricted stock units , as an inducement that is material to 68 individuals entering into employment arrangements with Nuance . The restricted stock units will be granted upon the approval of the Compensation Committee of Nuance 's Board of Directors . The restricted stock units generally vest over a four year period . About Nuance Communications , Inc . Nuance is a leading provider of speech and imaging solutions for business and consumers around the world . Its technologies , applications , and services make the user experience more compelling by transforming the way people interact with information and how they create , share , and use documents . Every day , millions of users and thousands of businesses experience Nuance 's proven applications . For more information , please visit www.nuance.com . Nuance , the Nuance logo , and Tegic Communications are trademarks or registered trademarks of Nuance Communications , Inc . or its affiliates in the United States and / or other countries . All other trademarks referenced herein are the property of their respective owners . SAFE HARBOR FOR FORWARD - LOOKING STATEMENTS Statements in this document regarding Nuance 's acquisition of Tegic , the product portfolio of the combined company and the mobile industry for those products , the companies ' strategies for serving the needs of their customers , the anticipated development and success of new interfaces for mobile devices , enhanced capabilities of mobile devices and networks and increasing demand for these services , benefits and synergies of the transaction , future opportunities for the combined company , and any other statements about Nuance management 's future expectations , beliefs , goals , plans or prospects constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . Any statements that are not statements of historical fact ( including statements containing the words " believes " , " plans , " " anticipates " , " expects , " " estimates " and similar expressions ) should also be considered to be forward looking statements . There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward looking statements , including : the ability to consummate the transaction ; the ability of Nuance to successfully integrate Tegic 's operations and employees ; the ability to realize anticipated synergies and cost savings ; the failure to retain customers ; and the other factors described in Nuance 's Quarterly Report on Form 10 - Q for the fiscal quarter ended June 30 , 2007 . Nuance disclaims any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this document . 2
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