Why did Jott, a Seattle startup offering voice-to-text transcription services, sell after three years?
One reason is that the buyer, Burlington, Mass.-based Nuance, is putting software onto a billion cellphones this year, Jott founders John Pollard and Shree Madhavapeddi noted this morning in a blog post confirming the sale and linking to Nuance’s formal announcement.
Nuance “had an expansive vision for what we could do together, both in terms of reaching many millions of customers, but also in terms of innovation that was still to come” and they “loved Jott” and the team, they wrote.
Jott converts spoken messages into text and delivers them as e-mail, text messages or updates to Web pages such as Salesforce.com. Its founders are both former Microsoft Windows Mobile managers.
The site ranks 54th on Seattle 2.0’s monthly startup index, which was just updated today.
Jott was backed by Ackerley Partners, Draper Fisher and Atomico Investors. I wonder how they fared.
Word of the sale surfaced yesterday on TechFlash, where someone noted that Ackerley’s Web site listed Jott as being sold to Nuance in June.