![]() Two months later, in March, Visioneer acquired ScanSoft from Xerox to form a new public company with ScanSoft as the new company-wide name. Visioneer eventually sold its hardware division to Primax Electronics, Ltd. was founded to develop scanner hardware and software products, such as a sheetfed scanner called PaperMax and the document management software PaperPort. In March 1992, a new company called Visioneer, Inc. The company became known as Xerox Imaging Systems (XIS), and later ScanSoft. In 1980, Kurzweil sold his company to Xerox. to develop the first omni-font optical character-recognition system – a computer program capable of recognizing text written in any normal font. In 1974, Raymond Kurzweil founded Kurzweil Computer Products, Inc. During the prior decade, the two companies competed in the commercial large-scale speech application business. The resulting company adopted the Nuance name. acquired and merged with Nuance Communications, a natural language spinoff from SRI International. ![]() (SSFT), and the combined company became known as ScanSoft. In 1999, Visioneer acquired ScanSoft, Inc. The company that would become Nuance was incorporated in 1992 as Visioneer. 1.2.4 Spinoff of Automotive Business to Cerence Inc. ![]() 1.2.3 Acquisition of Nuance Document Imaging by Kofax Inc.1.2.1 ScanSoft merges with Nuance changes company-wide name to Nuance Communications, Inc. ![]()
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