Lernout & Hauspie acquires its main rival, Dragon Systems

Article Abstract:

Lernout and Hauspie Speech Products NV has acquired Dragon Systems Inc., a maker of speech recognition software. Lernout and Hauspie acquired Dragon Systems for $587 million (608.1 million euros).

United States, Acquisitions & mergers, Foreign operations, Dragon Systems Inc.

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Insurance company with close ties was Major Lernout & Hauspie investor

Article Abstract:

The article discusses how Mercator & Noordstar NV, a Belgian insurance firm with close connections to Lernout & Hauspie (L&H), owned 16 of the 30 startup companies that provided a large part of L&H's revenue in 1998 and 1999. The close ties appear to support the concerns of some L&H critics, who thought that the startup companies were secretly financed by parties related to L&H that that would benefit from an increase in the company's stock price.

Netherlands, Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Finance, Insurance industry, Mercator and Noordstar N.V.

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Lernout & Hauspie wins lender's OK for restructuring

Article Abstract:

Lernout and Hauspie Speech Products NV's restructuring plan has been approved by most of the company's creditors. The new managment's restructuring plan will lead to the breakup of the firm.

Organizational history, Management

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