Nuance Closes Ditech Networks Acquisition

  Nuance Closes Ditech Networks Acquisition

Business Wire

BURLINGTON, Mass. -- December 04, 2012

Nuance Communications, Inc. (NASDAQ: NUAN) announced it has closed its
acquisition of Ditech Networks, Inc. (NASDAQ: DITC). Ditech Networks’ voice
technologies, including the company’s Voice Quality Assurance (VQA) technology
and PhoneTag voicemail-to-text services, will be integrated into Nuance’s
portfolio of mobile and enterprise voicemail-to-text offerings.

Nuance’s voice solutions power services for global carriers and enterprises
that quickly and accurately transcribe voice messages, and deliver them as
text messages, emails and IMs to people’s phones, tablets and desktop
computers. By integrating Ditech Networks’ voice technologies, Nuance will
further enhance its on-premise, highly-secure voice to text platform, and
expand its cloud-based voicemail-to- text capabilities.

About Nuance Communications, Inc.
Nuance is a leading provider of voice and language 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:nuance.com.

Nuance and the Nuance logo are trademarks or registered trademarks of Nuance
Communications, Inc. or its subsidiaries in the United States of America
and/or other countries. All other company names or product names may be the
trademarks of their respective owners.

Statements in this press release regarding the transaction between Nuance and
Ditech Networks, the expected benefits to Nuance and its customers of the
transaction, future product offerings by the combined company,and any other
statements about Nuance managements’ future expectations, beliefs, goals,
plans or prospects constitute forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Any statements that are
not statements of historical fact (including statements containing the words
“will,” “expected,” and other 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 Ditech Networks’ operations, product offerings and
employees; the ability to realize anticipated synergies and cost savings; the
failure to retain customers and/or key employees; and the other factors
described in Nuance's Annual Report on Form 10-K for the fiscal year ended
September 30, 2012, and other filings with the U.S. Securities and Exchange
Commission. Ditech Networks and Nuance disclaim any intention or obligation to
update any forward looking statements as a result of developments occurring
after the date of this press release.

Contact:

Nuance Communications
Rebecca Paquette, 781-565-5264
rebecca.paquette@nuance.com
 
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