Nuance To Acquire VoiceSignal

Nuance Communications Inc. (Nasdaq: NUAN) has agreed to acquire VoiceSignal Technologies Inc., a Woburn, Mass.-based developer of mobile voice technology. The deal is valued at approximately $293 million, including a $204 million cash payment and 5.8 million shares of Nuance common stock. VoiceSignal has raised over $21 million in VC funding since 2000, from firms like Stata Venture Partners and Argonaut Private Equity. Nuance was represented by Lehman Brothers on the transaction, while VoiceSignal was represented by Goldman Sachs.