You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Mass. Movers

Nuance Communications buying a Calif. firm

Paul A. Ricci is Nuance’s chief executive. Its stock fell 0.35 percent.

Nuance Communications

Paul A. Ricci is Nuance’s chief executive. Its stock fell 0.35 percent.

Continue reading below

Nuance Communications Inc., a Burlington­ company known for its Dragon speech-recognition products, agreed to buy Ditech Networks Inc., of San Jose, Calif., which offers such voice technology services as PhoneTag voicemail-to-text services. Nuance will pay $1.45 per share for a total enterprise value of $22.5 million, net of Ditech’s cash as of the signing date. Nuance said PhoneTag will enhance its voice-to-text business. The deal, approved by both companies’ boards, is expected to close this year, subject to Ditech stockholders’ approval.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com