The Wall Street Journal reports Burlington-based speech recognition software company Nuance Communications has explored a sale.
The article says the company has been in talks with Samsung. Its technology is already incorporated into several Samsung products. The technology also helps to power Siri, the personal assistant and voice recognition program employed by Samsung’s arch nemesis Apple. Though Samsung and Apple very publicly don’t get along, Samsung has historically manufactured some of the components of Apple’s products.
Nuance is also behind the consumer-facing Dragon voice recognition software.
The Journal is decidedly vague about details, saying it’s unclear where talks stand. But investors seemed happy with the news, with Nuance shares bouncing around 10 percent after the Journal published its report this afternoon. Prior to the report, the market valued the company at about $5.5 billion.Adam can be reached at firstname.lastname@example.org. Follow him on Twitter at @adamtvaccaro.