Tegic was founded in 1995 to develop embedded software or mobile devices, specifically predictive text software helps mobile device user to write text messages. Its T9 branded software is currently installed in over 2.5bn mobile devices and will expand Nuance’s mobile offerings and provide customers with integrated text and touch-input interfaces for mobile device applications like search, email, and text messaging.
Burlington, Massachusetts-based Nuance said it is scoping out projects that combine its speech technology with Tegic-enabled mobile devices.
The merger comes after a two-year partnership period between the two firms. Both share customers like Nokia, Samsung, Sony Ericsson, LG, and Motorola.
Nuance expects to close the deal in its fourth quarter, which ends in September. The company also expects the acquisition to bump up revenue by $45m to $48m in its fiscal 2008 year and squeeze 12 to 13 cents out of its yearly earnings.
Wall Street expects Nuance to earn 66 cents per share in fiscal 2008, on $744.7m in revenue.
