Announced Thursday, the acquisition will streamline longtime cooperative operations between the two companies. Tegic's T9 predictive text input software will be mated with Nuance's speech and imaging software, the companies said.
Tegic's software has been installed on more than 2.5 billion mobile devices, the firms said. Nuance and Tegic began their professional business relationship in 2005. The companies said the new multimodal interface to be developed by Nuance and Tegic will be available to all phone manufacturers, including current customers Motorola, Nokia, Samsung, and Sony Ericsson.
AOL executives said the spin-off of Tegic will enable the Time Warner unit to focus more directly on its advertising-related business. In a statement, Time Warner chairman and CEO Dick Parsons said: "As AOL continues to make impressive progress, it's more important than ever that AOL's resources are fully aligned behind growing its worldwide advertising businesses."
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