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Nuance to Acquire Varolii, Extend Leadership in Cloud-Based Customer
Service Solutions
Proven by More Than 400 Enterprises, Varolii's Outbound Cloud Platform
Strengthens and Accelerates Nuance's Multichannel Strategy
Burlington, MASS. – October 10, 2013 – Nuance Communications (NASDAQ: NUAN) today
announced that it has signed an agreement to acquire Varolii, the leading provider of cloud-based
outbound customer engagement solutions. The Varolii platform is used by many of the world's
largest companies to manage outbound customer service communications via automated phone,
email and text messages, reaching an estimated one out of every five American adults each year.
The combination of Varolii and Nuance will create a comprehensive cloud-based solution that
brings together the best of inbound and outbound customer service, resulting in a complete,
scalable, secure and cost-effective platform.
Nuance’s customer service solutions support many of today’s largest brands, including AT&T,
Barclay’s Wealth & Investment Management, FedEx, Telstra, T-Mobile, USAA and others.
Nuance’s solutions are available across voice, mobile and Web channels, allowing consumers to
engage how, when and where they want, conveniently and effectively. Today, Nuance’s
customer service solutions process more than 12 billion customer interactions each year across
more than 6,500 organizations including 75% of the Fortune 100.
The combination of Nuance’s world-class customer service solutions and Varolii’s Customer
Engagement Cloud will accelerate Nuance’s strategy to transform the customer service
experience through conversations that are engaging, personalized and proactive. Varolii will
bring a full outbound communication portfolio to the Nuance OnDemand Customer Service
Cloud, which provides inbound hosted IVR (interactive voice response) and Nina virtual
assistant solutions for mobile and Web applications. Varolii also will extend Nuance’s market
leadership in cloud-based customer service through the addition of over 400 deployments with
enterprise organizations, many of which have implemented complementary solutions from
Nuance, including Alaska Airlines, Southern California Edison, SunTrust, and Time Warner
Cable.
This acquisition will strengthen and broaden Nuance’s participation in the growing customer
service solutions market. According to Forrester Research, 57% of U.S. consumers had
unsatisfactory service interactions in the past 12 months and 80% of customer service decisionmakers say that improving their customer experience is one of their top two customer service
goals. Forrester buyer surveys indicate that 25% of enterprises are considering proactive
outbound as a key contact center investment in the next year and that proactive outbound will
enjoy excellent growth rates as more and more enterprises adopt it. ()
“The greatest opportunity to deliver superior service is when you can anticipate a need and
proactively contact the customer in a personalized and intelligent way,” said Robert Weideman,
Executive Vice President and General Manager, Nuance Enterprise Division. “The combination
of Nuance and Varolii not only represents the best of inbound customer service with the best in
outbound customer communications, but the opportunity to deliver automated yet natural
conversations with customers that are more compelling and effective.”
“Varolii has been trusted as a leading provider of repeatable customer engagement applications
across six B2C-intensive markets, enabling leading companies to reduce costs, increase customer
reach and improve customer outcomes,” said David McCann, President and Chief Executive
Officer of Varolii. “We're excited to become a part of Nuance's comprehensive multi-channel
vision.”
The transaction has been approved by both companies’ Boards of Directors and is expected to
close next week.
About Nuance Communications, Inc
Nuance Communications, Inc. is a leading provider of voice and language solutions for
businesses and consumers around the world. Its technologies, applications and services make the
user experience more compelling by transforming the way people interact with devices and
systems. Every day, millions of users and thousands of businesses experience Nuance’s proven
applications. For more information, please visit www.nuance.com.
###
Trademark reference: Nuance and the Nuance logo are trademarks, registered trademarks or
brands of Nuance Communications, Inc. or its subsidiaries in the United States of America and
other countries. All other companies or product names are the property of the respective owners.
Safe Harbor and Forward-Looking Statements
Statements in this press release regarding the expected benefits of the Varolii acquisition,
anticipated future combined operations, products and services, and any other statements
regarding future expectations, beliefs, goals, plans or prospects constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any
statements that are not statements of historical fact (including statements containing the words
“believes,” “plans,” “anticipates,” “expects,” or “estimates” or similar expressions) should also
be considered to be forward-looking statements. There are a number of important factors that
could cause actual results or events to differ materially from those indicated by such forwardlooking statements, including: the transaction is subject to closing conditions that if not met or
waived could cause the transaction not to close; the ability of Nuance to successfully integrate
Varolii’s operations, product offerings and employees; the failure to retain customers and/or key
employees; and the other factors described in Nuance’s annual report on Form 10-K for the fiscal
year ended September 30, 2012 and quarterly report on Form 10-Q for the fiscal quarter ended
June 30, 2013 filed with the Securities and Exchange Commission. Nuance disclaims any
obligation to update any forward-looking statements as a result of developments occurring after
the date of this press release.
() TechRadar™ For AD&D Pros: Contact Center Solutions For Customer Service, Q2 2013, by
Kate Leggett and Art Schoeller, April 17, 2013
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February 09 - Nuance Announces First Quarter 2016
Results
February 05 - Nuance Names Bob Schassler Executive
Vice President and General Manager of Nuance Mobile
February 05 - Nuance Appoints Ken Siegel as Chief
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