Nuance Communications Acquires TouchCommerce for $215,000,000

  • Feed Type
  • Date
    7/22/2016
  • Company Name
    TouchCommerce
  • Mailing Address
    30501 Agoura Road Agoura Hills, CA 91301 USA
  • Company Description
    TouchCommerce is a leader in online interaction optimization. TouchCommerce solutions increase web site conversion for clients like Sprint, AT&T, Virgin Media, and Wyndham Hotels by 20% or more.
  • Website
    http://www.touchcommerce.com
  • Transaction Type
    M&A
  • Transaction Amount
    $215,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The addition of TouchCommerce will help accelerate Nuance’s Enterprise business and expand its customer care solutions with a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions. Total consideration is $215 million. At closing, Nuance will pay $110 million in cash and $85 million in a combination of cash and Nuance common stock determined by Nuance, and the remaining $20 million will be paid at the conclusion of an indemnity period.