Nuance Buys Equitrac for $157M

Nuance Communications (NASDAQ: NUAN),a Burlington, MA-based maker of speech software, announced today it has agreed to acquire Equitrac for $157 million in a cash transaction expected to close in Nuance’s fourth quarter of fiscal year 2011. Equitrac is a maker of print management software and will be rolled into Nuance’s document management units.

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