In 2005 ScanSoft launched a de facto acquisition of Nuance Communications, and rebranded itself as Nuance. Following the bankruptcy of Lernout & Hauspie, the rights to the Dragon product line were acquired by ScanSoft of Burlington, Massachusetts, also a Goldman Sachs client. The jury cleared Goldman Sachs of all charges.
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The Bakers sued Goldman Sachs for negligence, intentional misrepresentation and breach of fiduciary duty, which in January 2013 led to a 23-day trial in Boston. The Bakers had received stock worth hundreds of millions of US dollars, but were only able to sell a few million dollars' worth before the stock lost all its value as a result of the accounting fraud. The deal was not originally supposed to be all stock and the unavailability of the Goldman Sachs team to advise concerning the change in terms was one of the grounds of the Bakers' subsequent lawsuit. Following the all-share deal advised by Goldman Sachs, Lernout & Hauspie declared bankruptcy in November 2000. The company was then purchased in June 2000 by Lernout & Hauspie, a Belgium-based corporation that was subsequently found to have been perpetrating financial fraud.
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Dragon NaturallySpeaking (also known as Dragon for PC, or DNS) is a speech recognition software package developed by Dragon Systems of Newton, Massachusetts, which merged with Lernout & Hauspie Speech Products and was later acquired by Nuance Communications, formerly known as ScanSoft. From students to parents to everyday multi-taskers, there’s no better way to get more done on your PC simply by speaking than with Dragon® Home, version 15, the most intelligent speech recognition solution for home use. Dragon Home v15 Get more done on your PC by voice. All process, step by step (in only 30 minutes). Comparison between Medialexie Dictate and Dragon NaturallySpeaking. An average user will immediately see 20% fewer errors with Dragon professional 15 than Premium. What are the main differences between Dragon Premium 13 and Dragon Professional 15? Dragon Professional has the version 15 speech engine which is vastly improved over the Premium v13 engine.
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