Posted by: kazama
Lernout & Hauspie Assets Sold - 28/11/2001 09:36
I thought this post might be of some interest to people here. Lernout & Hauspie developed speech recognition software that is used in a lot of systems and Empeg might have been looking at to include in their product. Scansoft is the company that I work for that just bought their technology.
Full text of the PR can be read at http://www.scansoft.com/news/pressreleases/2001/re011128.asp
ScanSoft to Acquire Lernout & Hauspie Speech and Language Assets for $39.5 Million
Acquisition Enhances ScanSoft's Product and Technology Portfolio, Strengthens Distribution Channels
PEABODY, Mass., - November 28, 2001 - ScanSoft, Inc. (Nasdaq: SSFT), a leading provider of paper-to-digital solutions, today announced that it has agreed to acquire the Speech and Language Technologies business of Lernout & Hauspie Speech Products N.V. and L & H Holdings USA, Inc., including substantially all of the operating and technology assets, in a bankruptcy auction concluded early yesterday morning.>The agreement remains subject to the approval of The U.S. Bankruptcy Court for the District of Delaware, which has scheduled a hearing for December 4, 2001.
Full text of the PR can be read at http://www.scansoft.com/news/pressreleases/2001/re011128.asp
ScanSoft to Acquire Lernout & Hauspie Speech and Language Assets for $39.5 Million
Acquisition Enhances ScanSoft's Product and Technology Portfolio, Strengthens Distribution Channels
PEABODY, Mass., - November 28, 2001 - ScanSoft, Inc. (Nasdaq: SSFT), a leading provider of paper-to-digital solutions, today announced that it has agreed to acquire the Speech and Language Technologies business of Lernout & Hauspie Speech Products N.V. and L & H Holdings USA, Inc., including substantially all of the operating and technology assets, in a bankruptcy auction concluded early yesterday morning.>The agreement remains subject to the approval of The U.S. Bankruptcy Court for the District of Delaware, which has scheduled a hearing for December 4, 2001.
