Nuance and Ydilo Sign Reseller Agreement

MENLO PARK, CA and MADRID, SPAIN - Nuance (Nasdaq: NUAN), a developer of Voice Web software, and Ydilo Advanced Voice Solutions announced their VAR (Value Added Reseller) agreement. Under the terms of the agreement Ydilo will be able to offer special conditions on Nuance software licenses to customers. Main beneficiaries of this development will be vertical markets such as financial services, insurance companies, airlines and government agencies that for security or confidentiality reasons need to house equipment on their own premises. The upfront investment in hardware and software licenses can be substantial. However, they are usually offset in a matter of months by the savings made possible through an automated voice solution. The favourable economic conditions of Nuance licenses for Ydilo customers established in the contract will encourage adoption of speech recognition technology in these markets. "Ydilo is a market leader in Spain and on the forefront of the voice recognition industry in Europe," said Nick Applegarth, Managing Director EMEA, at Nuance. "The Ydilo 902-888-902 voice portal and Ydilo's Voice Ticketing solutions are among the best deployments of this technology to date. With this agreement we are further tightening a relationship that is going back almost 2 years. Working closely with Ydilo gives us the opportunity to build on our successes in Europe." "We are delighted to strengthen our relationship with Nuance, one of the market leading companies within the speech technology industry," commented Domingo López Montesdeoca, CEO and co-founder of Ydilo. "Our agreement with Nuance improves our competitiveness as a leading provider of voice solution development and will speed up adoption of this extraordinary technology in our markets."
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