January 19, 2009 - Warburg will purchase more than 17 million shares of Nuance common stock at a price of $10.06 per share and will also acquire a warrant to purchase more than 3.8 million shares of Nuance common stock upon the closing of the investment at $11.57 per share. The warrant has a four-year term.
As part of the deal, Warburg has agreed not to sell any of the Nuance shares for a period of six months from the closing of the transaction, which is expected in early February 2009.
Nuance has just entered into a licensing and technical services agreement with IBM to enhance and expand speech solutions designed to better serve enterprises, consumers, carriers and partners worldwide.
For more information: www.nuance.com