Philips buys voice firm in $59m deal

Philips buys voice firm in $59m deal
Tom Foremski Philips push into voice recognition systems continues with the acquisition of US-based Voice Control Systems (VCS) for $59m. “By joining forces, VCS’s experienced staff and proven products truly complement Philips Speech Processing’s product and services,” said Fred Bok, president and CEO of Philips Business Electronics division. The deal follows Philips partnership with IBM to develop advanced speech recognition technologies, and license key speech products from IBM. Philips has singled out speech recognition as a key technology for future wireless communications and consumer electronics devices.


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