Technology
The technology was bought by Nuance Communications (known then as ScanSoft) and Vantage Learning after the bankruptcy. Nuance acquired all of the speech technologies and Vantage acquired all of the proofing, spelling, and linguistic search technologies.
The L&H technologies proved to be very valuable. "Lernout & Hauspie Michelle" and "Lernout & Hauspie Michael" are text-to-speech voices created by Lernout and Hauspie and included in Microsoft Office 2003. Lernout and Hauspie speech recognition is now used in the "Speech" option in the control panel of Microsoft Windows XP and is abbreviated as LH. In addition, Microsoft Office uses certain elements of a grammar checker developed by L&H, which is mentioned in the About window. The revenues of Nuance Communications grew sharply from $17.1 million in third quarter of 2001, to $216 million in Q3 2008.
Read more about this topic: Lernout & Hauspie
Famous quotes containing the word technology:
“One can prove or refute anything at all with words. Soon people will perfect language technology to such an extent that they’ll be proving with mathematical precision that twice two is seven.”
—Anton Pavlovich Chekhov (1860–1904)
“If we had a reliable way to label our toys good and bad, it would be easy to regulate technology wisely. But we can rarely see far enough ahead to know which road leads to damnation. Whoever concerns himself with big technology, either to push it forward or to stop it, is gambling in human lives.”
—Freeman Dyson (b. 1923)