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Zi Corp Renews License Contract With Nokia; Welcome News During Battle With Nuance

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Zi Corp.’s license agreement with Nokia (NYSE: NOK) for predictive text services has been renewed and it couldn’t have come at a better time. Nuance Communications, which makes speech-based technology for customer service, directory assistance and voice-activated commands on wireless devices, has been dogged in its pursuit of the company in recent weeks, trying to acquire it first through a takeover bid and then blasting it with a patent infringement suit after it rejected the offer. The contract calls for a “significant initial payment to be paid after closing and then quarterly installments from then on,” the mobile ad and search firm explained in a news release on the multi-year deal. (Release).

SEE ALSO: Nuance Sues Zi Corp. For Patent Infringement Days After It Rejects Takeover Offer

Aug 28, 2008 4:31 PM ET

Posted In: Technologies / Formats, Companies, Nokia, nuance communications, zi corp

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