Speech recognition leader Nuance seeks to sell, Samsung and other PE companies

The leader in the field of speech recognition nuance recently came out to negotiate the sale of business, Samsung and several other PE companies have the intention. Nuance's market value of 5.5 billion dollars, the news released, the share price rose slightly.

Nuance speech recognition technology in smartphones, television and GPS navigation devices are widely used, such as Apple's Siri is the use of its technology, some other enterprise-level markets also need to use speech recognition, such as hospital electronic medical records business, doctors can directly dictate the production of electronic medical records. Last September, Nuance also worked with Samsung to use nuance technology in wearable equipment, a big market in the future.

Nuance's biggest shareholder now is activist investor Carl Ichan, who accounts for 19% of the shares and 2 seats on the board. Carl, who specializes in capital games, often makes his own profits through mergers and acquisitions or restructurings, which may be the case.