Second Alpha Partners (http://www.secondalpha.com), a private equity firm focused on secondary investments in growth equity, middle market and mature venture stage tech companies, is pleased to announce that its portfolio company, TouchCommerce, has been acquired by voice and language services provider Nuance Communications. The addition of TouchCommerce will help accelerate Nuance’s Enterprise business and expand its customer care solutions with a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions.
The transaction, which had previously been approved by both companies’ Boards of Directors, closed yesterday. Total consideration for TouchCommerce was $215 million. At closing, Nuance paid $110 million in cash (excluding certain closing adjustments) and $85 million, or 5.7 million shares, in Nuance common stock. The remaining $20 million will be paid at the conclusion of an indemnity period subject to reduction for any indemnity claims.
