Nuance Closes eScription Acquisition; Raises $100 Million - Burlington, MA

Nuance Communications, a Burlington-based supplier of speech technology, announced on Wednesday that it has closed its acquisition of Needham-based eScription, a provider of computer aided medical transcription software. Along with the closing of the acquisition, Nuance said it has closed its previously announced financing for $100 million with Warburg Pincus. A portion of the proceeds from the Warburg Pincus financing was used for the eScription transaction.

http://www.nuance.com/dictaphone/resources/press/pressreleases/20080520_escription.asp