The company behind the extremely successful Swype keyboard will be acquired by Nuance in a deal believed to be worth $102.5 million. Swype Inc., which designed the popular predictive QWERTY keyboard for touchscreens only started three years ago, but it’s obviously done pretty well.
Nuance mentioned that it has already paid $77.5 million to Swype shareholders, while the rest of the money will paid 18 months after the deal closes. The condition for the second payment to take place is certain key executives to still be working for Nuance.
Nuance is believed to have made the deal to lessen the competition for its FlexT9 keyboard, which is a direct rival of Swype on Android (and presumably, other platforms too).