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Industry: Email Alert RSS FeedDictaphone To Sell Communication Recording Systems To NICE
Customer Inter@ction Solutions, May 2005
Dictaphone Corporation, a provider of dictation, transcription, speech recognition and natural language processing systems, has announced that it has signed a definitive agreement with NICE Systems, under which NICE will acquire the assets of Dictaphone's Communication Recording Systems (CRS) business for $38.5 million. The CRS unit is a provider of recording systems for 9-1-1 centers and other operations in the public safety, financial and call center markets. The boards of both companies have unanimously approved the transaction, which is expected to close by the end of the second quarter of 2005, subject to certain closing conditions.
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Dictaphone's sale of the CRS unit is part of its strategy to create a company focused principally on the healthcare information technology market.
"I am pleased that the CRS business has found a good home with an industry leader such as NICE Systems," said Rob Schwager, Dictaphone's chairman and CEO.
Dictaphone will retain its Integrated Voice Systems and other business units.
www.dictaphone.com, www.nice.com
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