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Amazon (AMZN) Buys Text-To-Speech Firm Ivona Software

 January 24, 2013 09:31 AM

(By Mani) Online retail giant Amazon.com, Inc. (NASDAQ: AMZN) said it has acquired leading text-to-speech technology company Ivona Software.

Financial terms of the deal were not disclosed.

The acquisition is natural as Ivona's features were already deployed in Kindle Fire tablets, including Text-to-Speech, Voice Guide and Explore by Touch.

Additionally, Ivona delivers text-to-speech products and services for thousands of developers, businesses and customers around the world.

Ivona deal comes at a perfect time as Ivona's technology would be a best fit for Amazon, which has been rumored to launch a smartphone and upgrades to Kindle devices. Ivona offers voice and language portfolios with 44 voices in 17 languages and more in development.

Ivona's text-to-speech products have been recognized as industry leading in terms of natural voice quality, accuracy and ease of use. The Ivona suite includes a wide range of text-to-speech solutions for consumers, developers who want to incorporate text-to-speech into their user interfaces, and business customers from a variety of industries.

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