• Poised To Deliver Flexible Market Alternative By Creating The Most Advanced Speech, Touch And Text-Enabled Recognition And Understanding Technology
  • Delivers On Promise To Enable “Interface Of Things” to Power Coming Wave Of Speech And Multi-Modal Devices And Services

“This acquisition allows Interactions to deliver fundamentally disruptive technology that will enable the development of highly intuitive interfaces for virtually any device or service and deliver on our vision for the ‘Interface of Things’” said Mike Iacobucci, CEO of Interactions Corporation. “Interactions will empower enterprises and developers to create solutions that otherwise wouldn’t be possible – enabling development of natural language solutions for smart automobiles, connected homes and wearable devices that respond naturally to human interaction.”

By combining AT&T Watson with Interactions’ award-winning Adaptive-Understanding™ technology, the company will make available speech and multi-modal capabilities that deliver unprecedented accuracy in understanding.  This new technology platform will offer a meaningful alternative to the existing market options currently available for enterprises and developers.

AT&T Watson is a globally renowned speech recognition and natural language understanding platform. The acquisition, coupled with Interactions’ existing technology portfolio, positions Interactions as the leading provider of speech and multi-modal technologies. The acquisition includes the transfer of assets related to AT&T Watson from AT&T Labs Advanced Technologies, including the AT&T Watson technology, certain patents and intellectual property and members of the talented research team, including world-class speech scientists, researchers and software engineers.  In exchange, AT&T will receive an undisclosed equity stake in Interactions.

Interactions will offer developers, enterprises, original equipment manufacturers (OEMs) and others the opportunity to license Watson as a standalone technology or combined with Interactions’ other natural language understanding solutions to provide the most flexible solutions available. A host of delivery options, including cloud-based, on premise and embedded will be available to flexibly meet the varying needs of individual projects.

Interactions will announce specific product offerings throughout early 2015. Further information about the transaction is available at www.interactions.com.

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Press contacts:

Dan Gouthro, Matter Communications

(401) 432-6503

Interactions@matternow.com

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