e425
Filed by ScanSoft, Inc. Pursuant to Rule 425
Under the Securities Act of 1933
And Deemed Filed Pursuant to Rule 14a-12
Under the Securities Exchange Act of 1934
Subject Company: Nuance Communications, Inc.
Commission File No.: 333-125496
The following e-mail was sent to ScanSoft and Nuance employees on August 5, 2005:
ScanSoft-Nuance Merger Update
To all ScanSoft and Nuance employees:
As we work our way to an intended close date in September, continual progress is being made in
planning the integration of our two companies. The integration teams that are focused on the Big 8
and each of the organizations functional areas have been meeting regularly in person, by phone and
around the world to plan for a swift and orderly integration when the time comes. Although our
progress is far-reaching, following are some specific updates:
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Product Roadmap. Teams comprising members from both companies have been formed to evaluate
each of the product areas, with particular focus placed on ASR, directory assistance,
applications & tools, and the Nuance Voice Platform. The product management and marketing
teams from both ScanSoft and Nuance are evaluating technical product requirements to balance
getting a combined solution to market quickly and delivering next generation technology. The
teams have taken a careful look at our customer and partner bases to best understand
requirements and competitive dynamics. |
In conjunction with this effort, an R&D team is developing recommendations and plans for the
actual technical integration. The team is working on detailed comparisons of technical aspects
of the product sets, including recognition accuracy experiments, benchmarks of the application
frameworks on different voice browsers, and an evaluation of TTS voice qualities. Several
other key benchmarks are being planned and will be completed before we finalize plans for the
product integration. As always, the plan is to assemble the best of breed in creating the next
generation within each of our major product lines as well as to protect the investments made to
date by our mutual customers and partners.
Our next milestone in this process includes an executive review of the recommendations and
plans for each of these major areas. And then, once the transaction is completed, we will be
able to communicate a complete product roadmap and begin the integration and development to
bring these innovative solutions to market.
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Organization. The HR integration planning is now in full swing. The companies have made
significant progress toward evaluating the benefit programs in our North American offices and
are close to finalizing designs for programs to be offered post-closing. For continuity
however, it has been decided that current medical and dental coverage for the US and all
Canadian coverages will remain in place until the end of the 2005 calendar year, with
consolidated plans becoming effective on January 1, 2006. The benefit programs for common
countries in Europe and Asia-Pacific are next in line for evaluation. |
The HR team is also assisting management in developing the new companys
organizational structure with a goal toward reaching decisions on structure and
staffing in the most timely
and effective manner possible. In the coming weeks and prior to the close
date, we will schedule meetings with employees to communicate the details for
the process of employee status notification, as well as to educate employees on
any HR related changes which will go into effect post-closing.
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Regulatory approvals. As you know, the two companies
have been working on the various business and regulatory
requirements that are needed to close the merger and
integrate our two companies. One of the requirements is
a stockholder vote from both companies and earlier this
week the SEC declared our S-4 registration statement
effective the SEC action that is required to
proceed with the stockholder meetings and we set the
special meeting date for both companies for August 31,
2005. In addition to the stockholder vote, the merger
is still subject to other regulatory conditions,
including applicable antitrust or HSR laws that were
outlined in a previous note. We continue working with
the Department of Justice on responses to the Second
Request that was issued in June and will address any
items that may be raised during the review process. We
will keep you posted on timing as dates get closer and
additional progress is made. |
Although weve touched on only three areas here, please know that we continue to make significant
progress on all the other fronts as well. You should expect updates on topics such as IT
infrastructure, corporate identity, product branding and other areas shortly. Thanks again for all
your efforts in working toward making the new combined company successful. We appreciate your
patience as we work through these milestones. Have a great weekend everyone.
Regards.
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Larry Rowland
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Dawn Fournier
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Lynda Kate Smith |
ScanSoft CIO
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ScanSoft Vice President, HR
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Nuance CMO |
on behalf of the ScanSoft-Nuance Integration Steering Committee
ADDITIONAL INFORMATION AND WHERE TO FIND IT
On August 1, 2005, ScanSoft filed with the SEC a Registration Statement on Form S-4 (Reg. No.
333-125496) containing a definitive Joint Proxy Statement/Prospectus regarding the proposed
transaction. Investors and security holders are urged to carefully read the Registration Statement
and the Joint Proxy Statement/Prospectus as it contains important information about ScanSoft,
Nuance, the transaction and related matters. Investors and security holders may obtain free copies
of the Registration Statement and the definitive Joint Proxy Statement/Prospectus and other
documents filed with the SEC by ScanSoft and Nuance through the web site maintained by the SEC at
www.sec.gov. In addition, investors and security holders may obtain free copies of the
Registration Statement and the definitive Joint Proxy Statement/Prospectus from ScanSoft by
contacting ScanSoft Investor Relations at (978) 977-2000 or from Nuance by contacting Nuance
Investor Relations at (650) 847-0000.
ScanSoft and its directors and executive officers may be deemed to be participants in the
solicitation of proxies from the stockholders of ScanSoft and Nuance in connection with the
proposed transaction. Information regarding the special interests of these directors and executive
officers in the proposed transaction is included in the Joint Proxy Statement/Prospectus described
above. Additional information regarding these directors and executive officers is also included in
ScanSofts proxy statement for its 2005 Annual Meeting of Stockholders, which was filed with the
SEC on January 28, 2005. This document is available free of charge at the SECs web site at
www.sec.gov and from ScanSoft by contacting ScanSoft Investor Relations at (978) 977-2000.
Nuance and its directors and executive officers also may be deemed to be participants in the
solicitation of proxies from the stockholders of ScanSoft and Nuance in connection with the
proposed transaction. Information regarding the special interests of these directors and executive
officers in the proposed transaction is included in the Joint Proxy Statement/Prospectus described
above. Additional information regarding these directors and executive officers is also included in
Nuances proxy statement for its 2005 Annual Meeting of Stockholders, which was filed with the SEC
on May 2, 2005. This document is available free of charge at the SECs web site at www.sec.gov and
from Nuance by contacting Nuance Investor Relations at (650) 847-0000.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the proposed transaction between ScanSoft and Nuance, the
closing of the proposed transaction, and any other statements about ScanSoft or Nuance managements
future expectations, beliefs,
goals, plans or prospects constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Any statements that are not statements of historical
fact (including statements containing the words believes, plans, anticipates, expects, or
estimates or similar expressions) should also be considered to be forward-looking statements.
There are a number of important factors that could cause actual results or events to differ
materially from those indicated by such forward-looking statements, including: the ability to
consummate the proposed transaction; and the other factors described in ScanSofts Annual Report on
Form 10-K for the year ended September 30, 2004, Nuances Annual Report on Form 10-K for the year
ended December 31, 2004 and their respective most recent quarterly reports filed with the SEC, as
well as the Joint Proxy Statement/Prospectus described above. ScanSoft and Nuance disclaim any
obligation to update any forward-looking statements as a result of developments occurring after the
date of this document.