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Nuance acquires eCopy for $54m in shares

Nuance Communications Inc today announced that it has acquired eCopy, a leading provider of solutions that integrate paper documents into business software applications. The acquisition of eCopy combines Nuance’s multifunction printer (MFP) desktop solutions and eCopy’s server offerings to deliver network scanning solutions that connect the widest range of MFPs to a broad set of business applications and content management systems.
“Nuance and eCopy share a vision of connecting MFP devices to a wide range of applications in an easy and productive way,” said Robert Weideman, general manager & senior VP of the Nuance Document Imaging Division. “eCopy has earned a strong reputation for quality and innovation, and its team is respected for providing high levels of customer and partner service. We look forward to welcoming eCopy to the Nuance organization.”
Under the terms of the agreement, net consideration was approximately $54 million in Nuance common stock. The acquisition will be accretive on a non-GAAP basis in Nuance’s fiscal 2010.