Nuance Closes Acquisition of Zi Corporation
09 Avril 2009 - 11:30PM
Business Wire
Nuance Communications, Inc. (NASDAQ: NUAN) and Zi Corporation
(NASDAQ: ZICA, TSX: ZIC) today announced that Nuance has closed the
acquisition of Zi. Zi�s solutions for mobile search and text input
complement Nuance�s portfolio of intuitive touch and speech
interfaces that simplify and enhance the way people interact with
mobile devices, applications, and services.
�By incorporating Zi�s text input technology into our mobile
solutions portfolio, Nuance can better serve our global OEM and
mobile operators that demand robust language support, particularly
in Asia-Pacific markets,� said Steve Chambers, president,
Mobile-Enterprise & Consumer Services, Nuance. �The Zi
acquisition is also a key component of a broader Nuance strategy to
give mobile device manufacturers and operators the ability to
deliver breakthroughs in device accessibility via speech,
predictive text and search, handwriting recognition, and powerful
call-intercept capabilities.�
Under the terms of the agreement, Zi shareholders will receive
US$0.34 in cash and approximately .037 shares of Nuance common
stock for each common share of Zi that they own. Effective at the
close of the markets today, trading in Zi common stock has ceased
on NASDAQ and the Toronto Stock Exchange (TSX).
About Zi Corporation
Zi Corporation is a provider of discovery and usability
solutions for Mobile Search, Input and Advertising. Zi
Corporation�s products offers innovative ways for mobile operators
to showcase new services and content to their subscribers, while
encouraging users to get the most out of their communication
devices. Increased device usage can help mobile operators drive
additional revenues and lead to improved customer retention. For
more information, please visit www.zicorp.com.
About Nuance Communications
Nuance (NASDAQ: NUAN) is a leading provider of speech, text 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 and professional services. For more
information, please visit www.nuance.com.
Nuance and the Nuance logo are trademarks or registered
trademarks of Nuance Communications, Inc. or its affiliates in the
United States and/or other countries. All other company names or
product names may be the trademarks of their respective owners.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the transaction between
Nuance and Zi, benefits and synergies of the transaction, future
opportunities for the combined company, expectations regarding the
value and benefits of the transaction and the combined company�s
technology to stakeholders and customers, and any other statements
about Nuance or Zi managements� future expectations, beliefs,
goals, plans or prospects constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 and other applicable securities laws. 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 of Nuance to successfully integrate Zi�s
operations and employees; the ability to realize anticipated
synergies and cost savings; the failure to retain customers;
general economic conditions; performance of the market sectors that
Nuance and Zi serve; and, the other factors described in Nuance�s
Annual Report on Form 10-K for the year ended September�30, 2008
and its most recent quarterly reports filed with the United States
Securities and Exchange Commission and Zi�s filings with the
Canadian provincial securities regulators. Each of Nuance and Zi
disclaims any intention or obligation to update any forward-looking
statements as a result of developments occurring after the date of
this document.
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