M&A Deal Summary

Nuance Solutions Acquires Svox AG

On June 21, 2011, Nuance Solutions acquired software company Svox AG from Ufenau Capital Partners

Acquisition Highlights
  • This is Nuance Solutions’ 5th transaction in the Software sector.
  • This is Nuance Solutions’ 1st transaction in Switzerland.

M&A Deal Summary

Date 2011-06-21
Target Svox AG
Sector Software
Buyer(s) Nuance Solutions
Sellers(s) Ufenau Capital Partners
Deal Type Add-on Acquisition

Target

Svox AG

Zurich, Switzerland
SVOX is a global provider of integrated voice recognition, speech synthesis and speech dialog solutions for the automotive and mobile device industries. SVOX sells its own automatic speech recognition (ASR), Speech (TTS), and full range of IVR solutions.

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Buyer(S) 1

Buyer

Nuance Solutions

Burlington, Massachusetts, United States

Category Company
Founded 1992
Sector Software
Employees7,100
Revenue 1.5B USD (2020)
DESCRIPTION
Nuance's corporate headquarters in Burlington, Massachusetts.
Nuance's corporate headquarters in Burlington, Massachusetts.

Nuance Solutions is a provider of speech and imaging solutions for businesses and consumers around the world. Nuance technologies, applications and services enable users calling directory assistance, getting account information, dictating patient records, telling a navigation system their destination, or digitally reproducing documents that can be shared and searched. Nuance Solutions was formed in 1992 and is based in Burlington, Massachusetts.


DEAL STATS #
Overall 10 of 26
Sector: Software M&A 5 of 11
Type: Add-on Acquisition M&A Deals 9 of 25
Country: Switzerland M&A 1 of 1
Year: 2011 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-15 Equitrac

Plantation, Florida, United States

Equitrac Corp. is a provider of intelligent print management and cost recovery software solutions. The Company provides products that enable customers to manage, allocate, and recover printing costs, reduce print-related waste and cost, and enhance document security. With over 25,000 customer installations worldwide, the Company’s solutions are used by a broad customer base across many industry verticals, including commercial, legal and professional, education, financial services, healthcare, and government agencies. Equitrac has strategic partnerships with world-leading OEMs, including Xerox, Ricoh and Canon, and over 300 independent VARs providing the Company with a powerful distribution channel with extensive global reach.

Buy $161M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-14 Webmedx

Atlanta, Georgia, United States

Webmedx is a provider of medical documentation services.

Buy -

Seller(S) 1

SELLER

Ufenau Capital Partners

Schwyz, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
Size Small
Type Sector Agnostic
DESCRIPTION

Ufenau Capital Partners is a Swiss investment firm focused on majority and significant minority investments in service-oriented growth companies operating in German speaking Europe. Prospective business generally have revenues of €10 to €150 million. Specific areas of interest include business services/outsourcing, financial services, healthcare services, and education. The Firm looks to invest €3 to €15 million per transaction and will support a variety of transaction types, including management buyouts/buy-ins, consolidations, divestitures, and successions. Ufenau Capital Partners was established in 1992 and is based in Schwyz.


DEAL STATS #
Overall 2 of 12
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Switzerland M&A 1 of 6
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 blau Mobilfunk

Hamburg, Germany

Blau Mobilfunk GmbH is active in the dynamic growth market of discounted offers in the mobile sector and has actively positioned itself as one of the top three network-independent discount-provider in Germany. Given the maturity of the German mobile phone market, customers can make comparatively cheap calls using Blue without a long-term contract with one of the four major suppliers, which typically have a maturity of 24 months.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-12 SCC Swiss Commercial Capital AG

Zurich, Switzerland

Since its founding in 2007, SCC Swiss Commercial Capital developed itself as one of the leading service provider for cross-border trade finacne («Trade Finance»). Therefor, SCC provides the interface between the physical and financial value and enables the reduction of credit risks as well as trade finance for global manufacturing companies and their worldwide distribution partners. The company, headquartered in Zurich, has a global market access by representatives in the US and the UK.

Sell -