ScanSoft, the company that bought three companies in the speech-recognition business in 2002, including Boston-based SpeechWorks International for 103 million, is said to be on the move. The acquisitions, which included purchases of assets from Lernout & Hauspie and Royal Philips Electronics, have transformed ScanSoft from a company that primarily sold imaging and scanning products into one of the biggest players in the speech-recognition business. Today, about two-thirds of the company’s revenues come from speech products.
ScanSoft is the largest software company in Massachusetts that sells products that consumers can purchase directly – like its Dragon NaturallySpeaking dictation software, which allows users to talk to their PCs instead of typing. Now, the company is reportedly looking for a name that will better describe its business and a location where it can consolidate its 300 Massachusetts employees who now work in ScanSoft offices in Peabody, Waltham, and Boston. Both the move and the rebranding should happen before the end of this year, revealed ScanSoft president Stuart Patterson.
2004-02-17
Source: Boston.com Business
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