Tech Company M&A Transactions
ART Advanced Recognition Technologies Acquisition
ART Advanced Recognition Technologies, operating out of Lawrenceville, was acquired by Nuance Communications. Deal value was $21.5 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/15/2004
Transaction Type
M&A
Amount
$21,500,000
M&A Terms
The transaction has been approved by both companies' boards of directors and is expected to close in January 2005. The transaction is valued at approximately $21.5 million, net of ART's expected closing cash balance of $5 million. Consideration comprises cash payments of approximately $5 million due at closing, net of the estimated closing cash balance, and $16.5 million due in December 2005.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
1588 Atkinson Rd. 107
Lawrenceville, GA 30043
USA
Lawrenceville, GA 30043
USA
Phone
Website
Email Address
Not Recorded
Overview
ART is the acknowledged market leader in embedded speech and handwriting recognition software for mass-market mobile devices.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yakov Shulman
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