| ScanSoft and Nuance Announce Termination of Hart-Scott-Rodino Waiting Period for Proposed Merger |
|
|
|
ScanSoft and Nuance Announce Termination of Hart-Scott-Rodino Waiting Period for Proposed MergerBURLINGTON, Mass. and MENLO PARK, Calif., September 8, 2005 – ScanSoft, Inc. (Nasdaq: SSFT) and Nuance Communications, Inc. (Nasdaq: NUAN) today announced that the United States Department of Justice has granted termination of the antitrust waiting period under the Hart-Scott-Rodino Act for the proposed merger of Nuance with ScanSoft. Upon closing the transaction, Nuance shareholders will receive 0.77 shares of ScanSoft common stock, and $2.20 of cash, for each share of Nuance common stock that they own. The transaction is presently scheduled to close on September 15, 2005, subject to satisfaction of standard closing conditions. The combination of ScanSoft and Nuance brings together the industry’s most comprehensive portfolio of speech applications, technologies and expertise that will enable customers to effectively deploy innovative speech-based solutions. The combined organization will have the technical resources and intellectual property required to develop new and innovative speech solutions that deliver enhanced value to customers. With leading technology, a premier partner network and an organization dedicated to speech, the company will be able to compete more effectively in new and expanding markets and provide value for its most important stakeholders – its customers, partners, investors and employees. About NuanceIn an era where a focus on the customer is essential to business success, Nuance provides leading companies with voice-automation solutions that enable both an outstanding customer experience and corporate cost efficiency. Nuance is a leader in the voice automation market, providing software and solutions to more than 1,000 companies worldwide. Nuance (Nasdaq: NUAN) is headquartered in Menlo Park, Calif., and has offices around the world. For more information, visit www.nuance.com or call 1-888-NUANCE-8. About ScanSoft, Inc.ScanSoft, Inc. (Nasdaq: SSFT) is a global leader of speech and imaging solutions that are used to automate a wide range of manual processes – saving time, increasing worker productivity and improving customer service. For more information regarding ScanSoft products and technologies, please visit www.scansoft.com. SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
|



