WHO IS …..NUANCE COMMUNICATIONS INC ?

[Anonymous]

http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20091005005497&newsLang=en
Nuance Acquires eCopy, Extends Network Scanning Solutions that Connect MFPs with Enterprise Applications
Combination to Lead Industry with Broad MFP Support, Strengthen OEM Partnerships and Capabilities Worldwide
BURLINGTON, Mass.—-Nuance
Communications, Inc, today announced that it has acquired eCopy, a
leading provider of solutions that integrate paper documents into
business software applications. The acquisition of eCopy combines
Nuance’s multifunction printer (MFP) desktop solutions and eCopy’s
server offerings to deliver network scanning solutions that connect the
widest range of MFPs to a broad set of business applications and
content management systems.

eCopy’s network scanning solutions are offered by leading MFP vendors –
including Canon, HP, Konica Minolta, Océ, Ricoh, Toshiba and Xerox –
providing organizations with an intuitive touch-screen application that
has a consistent user experience across devices. eCopy’s solutions
support document connectivity to more than 100 enterprise applications,
such as Microsoft SharePoint, EMC Documentum, Oracle and SAP, adding
value to an organization’s existing investments in database, CRM,
content management, legal, accounting and financial solutions.“Nuance
and eCopy share a vision of connecting MFP devices to a wide range of
applications in an easy and productive way,” said Robert Weideman,
general manager and senior vice president of the Nuance Document
Imaging Division. “eCopy has earned a strong reputation for quality and
innovation, and its team is respected for providing high levels of
customer and partner service. We look forward to welcoming eCopy to the
Nuance organization.”

A growing number of organizations are combining scanning software with
intelligent MFP devices to increase productivity and reduce costs by
creating efficient document workflows. This allows organizations to
easily move invoices into accounting systems, contracts into practice
management systems, patient records into electronic medical records
(EMR) systems, and office documents into content management systems. In
order for these workflows to be successful, MFP scanning solutions must
be easy to use, provide robust document processing capabilities, and
support a variety of content management systems and business
applications.“The MFP industry is poised to benefit greatly from our
mutual focus on delivering integrated solutions that solve real
business problems for customers,” said Edward Schmid, eCopy president
and CEO. “The combination of eCopy and Nuance creates an organization
that can drive the expansion of this opportunity, and is an important
advancement for our MFP partners and customers. We are pleased to join
the Nuance team and help fulfill our objective of putting paper to
work.”

The combination of Nuance and eCopy results in:

    * Premier Desktop and Server Products – The combination of Nuance’s
MFP desktop solutions and eCopy’s products – ShareScan, ScanStation and
PaperWorks – result in scanning solutions that maximize gains in
productivity and cost savings and provide MFP partners with an ability
to deliver valuable solutions to more customers and prospects.
    * Strong OEM Channels – Nuance and eCopy have developed innovative
solutions for, and strong partnerships with, the most extensive list of
leading MFP vendors in the industry, including Brother; Canon; HP;
Konica Minolta; Océ; Ricoh; Sharp; Toshiba; Xerox and others. The
combination of the two companies will serve to enhance these vendor
partnerships worldwide and deliver greater value to all OEM and channel
partners.
    * Expanded Reach for Desktop Solutions – eCopy has developed an
effective sales team that supports channel partners within enterprise
accounts, with customers that include BP; Cisco Systems; GE; Nissan;
SAAB; Siemens; Sony Corporation; Sprint; Verizon Wireless; and Yahoo!.
In addition, these solutions are used by more than half of the largest
law firms in the U.S., providing a complementary channel and growth
opportunity for Nuance PDF Converter Professional, OmniPage and
PaperPort desktop products.
    * Enhanced User Experiences – The addition of eCopy supports
Nuance’s strategic vision to deliver high-value solutions that enhance
user experiences and streamline business processes through the use of
accurate recognition technologies – speech, imaging and touch.

The acquisition is a natural extension of Nuance’s existing document
imaging business, and will enhance profitability within the division.
Under the terms of the agreement, net consideration was approximately
$54 million in Nuance common stock. The acquisition will be accretive
on a non-GAAP basis in Nuance’s fiscal 2010.

About eCopy
eCopy is an innovative provider of open and flexible solutions that
transform paperwork into paper that works. With more than 100,000 units
of eCopy ShareScan sold, eCopy is the market leader in MFP document
imaging software. eCopy customers include GE, Time Warner Inc., Yahoo!,
Nissan, Verizon Wireless, BP, Sprint, Siemens, Cisco Systems, SAAB, and
Sony Corporation. eCopy is a global company headquartered in the United
States, with subsidiaries in Japan and the UK, offices in Germany,
France, Scandinavia, Canada, Singapore, New Zealand and Australia. For
more information, visit http://www.ecopy.com.

Nuance Communications, Inc.
Nuance Communications, Inc.  is a leading provider of speech and
imaging solutions for businesses 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 http://www.nuance.com.

[Author]

October 6, 2009 at 11:10 AM