Dragon Systems, a former little guy, gets ready for market

Article Abstract:

Dragon Systems was started not in a garage, but in the living room of Janet and James Baker in 1982 in Massachusetts. The company is still based in Newton, Mass., and is the speech-recognition software maker with the largest market share, 36% compared with IBM's 31%. The U.S. Defense Dept. was an early customer. With an investment of $26.5 million from Seagate Technology, the company improved its product from one with pauses required between each word to one that is more natural. As a result of its continued success and even profitability, it is going to go public sometime soon.

Comment:

High tech firm with profits might make IPO

Strategy & planning, Computer peripheral equipment, not elsewhere classified, Other Computer Peripheral Equipment Manufacturing, Speech Recognition Equip, Planning, Software, Abstract, Electronics industry, Dragon Systems Inc., Speech perception, Speech processing systems industry, Speech recognition equipment

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Northwestern Mutual buyingfund adviser

Article Abstract:

Milwaukee, WI-based Northwestern Mutual Life Insurance Co. is expected to announce that it will acquire Tacoma, WA-based Frank Russel Co. The Frank Russel Co. is one of the US' largest pension fund advisory firms, and the compiler of the extensively followed Russell 2000 index of small-company stocks. Northwestern is expected to pay approximately $1 billion for Russell. Russell will provide Northwestern with a stronghold in the financial services field.

Comment:

Is expected to announce that it will acquire Tacoma, WA-based Frank Russel Co

Asset sales & divestitures, Acquisitions & mergers, Company Planning/Goals, Life Insurance, Direct Life Insurance Carriers, Frank Russell Co., Northwestern Mutual Life Insurance Co., Article

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