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June 22, 2007

More on Tegic's sale to Nuance

Posted by Tricia Duryee at 12:24 PM

I have an update on Thursday's announcement that Nuance Communications will buy Seattle-based Tegic Communications from Time Warner's AOL subsidiary for $265 million in cash.

AOL purchased Tegic in 1999 for $350 million in stock. Six years later, AOL purchased another company here -- Kirkland-based Wildseed. It combined Wildseed and Tegic together to have a sizable presence here.

Nuance, based in Burlington, Mass., builds voice-recognition software. It said Thursday the acquisition does not include the Wildseed technology.

An AOL spokesperson didn't get back to me until today to say what would happen to the Wildseed part of the division. She confirmed in a voicemail that Wildseed was not part of the deal, and that AOL was continuing to explore options for the technology, including a sale.

Wildseed, which had developed mobile phone software aimed at teenagers, more recently has been developing software for a high-end digital music player that Tegic was working on with hardware manufacturer Haier.

Originally, the player was supposed to launch in June. I have a feeling the sale of the company is probably delaying it. Here's a photo I snapped at CTIA earlier this year.

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Tricia Duryee
Tricia Duryee
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