Sale to Nuance Communications
Baird served as the exclusive financial advisor to Equitrac on this transaction
AboutEquitrac Corporation (“Equitrac” or the “Company”) has been acquired by Nuance Communications, Inc. (“Nuance”) (NASDAQ: NUAN) for approximately $157 million cash consideration.
Equitrac is the leading provider of intelligent print management and cost recovery software solutions. The Company provides products that enable customers to manage, allocate, and recover printing costs, reduce print-related waste and cost, and enhance document security. With over 25,000 customer installations worldwide, the Company’s solutions are used by a broad customer base across many industry verticals, including commercial, legal and professional, education, financial services, healthcare, and government agencies. Equitrac has strategic partnerships with world-leading OEMs, including Xerox, Ricoh and Canon, and over 300 independent VARs providing the Company with a powerful distribution channel with extensive global reach.
Nuance, a Burlington, Massachusetts-based company, is the leading provider of speech and imaging solutions for businesses and consumers around the world. Nuance technologies, applications, and services make the user experience more compelling by transforming the way people interact with information and how they create, share, and use documents. Nuance generated $1.1 billion in revenue in FY 2010 and has approximately 6,100 employees.
For additional information about this transaction, please contact:
- June 2011
- Equitrac Corporation
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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