Italian incumbent Telecom Italia has completed the sale of its voice tech firm Loquendo to US telco Nuance Communications for around E55m.
The sale of Loquendo, a 2001 voice technology spin-off of the company’s R&D assets, is part of a shift towards…
Italian incumbent Telecom Italia has completed the sale of its voice tech firm Loquendo to US telco Nuance Communications for around E55m.
The sale of Loquendo, a 2001 voice technology spin-off of the company’s R&D assets, is part of a shift towards focusing on core assets, according to TI.
Loquendo has a workforce of around 100 and works closely with universities in Italy.
