Apparently there’s a lot of money to be made from text input technologies. Come up with a popular keyboard interface and you too might walk away with a cool $102.5 million in cash.
It was announced this morning that Nuance, a company known for various text and voice inputs, had acquired the popular Swype text input company. The total for the deal comes to $102.5 million with $77.5 million being paid upfront and the remainder to come in 18 months after the close of the deal.
Nuance has been betting big on mobile technologies as of late with having made purchases of speech recognition company SVOX in June, transcription and editing service Webmedx in July and speech technology company Loquendo in August. Apparently they decided to take September off from their shopping spree?
No plans for what Nuance intends to do with Swype have been announced as of yet, but with 50 million installed instances of the program, users may be a bit anxious to know if the software will be hanging around as is or integrated into some other product from from the company.