Nuance Communications Acquires Swype for $102,500,000

  • Feed Type
  • Date
    10/6/2011
  • Company Name
    Swype
  • Mailing Address
    701 North 34th St Seattle, WA 98104
  • Company Description
    Swype is a maker of text-input technology for mobile devices.
  • Website
    http://www.swypeinc.com
  • Transaction Type
    M&A
  • Transaction Amount
    $102,500,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The aggregate consideration payable to the former shareholders of Swype consists of $102,500,000, of which $77,500,000 was paid at the closing and the remaining $25,000,000 (the “Contingent Consideration”) is payable on the eighteen month anniversary of the closing.