Tax Cloud

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Anti-Hacking Move

Anti-Hacking Move

Twitter beefs up security after hacking spree on media.  Full Article 

HP Raises Outlook

HP Raises Outlook

HP profit down 32 percent, shares up as results beat estimates.  Full Article 

Autism & Technology

Autism & Technology

SAP looks to recruit people with autism as programmers.  Full Article 

Hacking Attacks

Hacking Attacks

Feature: 'Irrational' hackers are growing U.S. security fear.  Full Article 

Sony Outlook

Sony Outlook

Sony to assess spin-off plan; cuts targets for cameras, smartphones.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Amazon buys text-to-speech software company Ivona

Related Topics

Stocks

   
Photo

Aishwarya at Cannes

Aishwarya Rai Bachchan marks 12 years at the Cannes Film Festival. Here is how she looked over the years.  Slideshow 

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna November 26, 2012. REUTERS/Leonhard Foeger/Files

A zoomed illustration image of a man looking at a computer monitor showing the logo of Amazon is seen in Vienna November 26, 2012.

Credit: Reuters/Leonhard Foeger/Files

SAN FRANCISCO | Fri Jan 25, 2013 2:54am IST

SAN FRANCISCO (Reuters) - Amazon.com Inc said on Thursday it acquired text-to-speech technology company Ivona Software, a sign that the world's largest Internet retailer may be looking to develop more services similar to Apple Inc's Siri voice-based search product.

An Amazon spokeswoman declined to say how much the company paid for Ivona.

Ivona's technology already supports several features on Amazon's Kindle Fire tablet computers, such as text-to-speech, said Dave Limp, who oversees the Kindle business.

"We look forward to building great products to deliver world-class voice solutions to customers around the world," Limp said in a statement.

Apple's Siri service on its iPhone smartphones allows users to ask questions and it delivers answers, or suggests possible actions. Ivona's text-to-speech technology on Amazon's Kindle Fire HD tablets reads Kindle e-books aloud to users.

"The Ivona acquisition could provide some technology on the Kindle to compete with Siri, although I would argue that Siri has not been all that was expected of it so far," said Kerry Rice, an analyst at Needham & Co.

Ivona could also help Amazon expand its e-book market to more people with disabilities, such as the blind, Rice added.

Ivona already works with organizations that support visually impaired people, including the Royal National Institute of Blind People.

Amazon shares rose 2.2 percent to $274.15 in afternoon trading on Thursday and hit a record $276.65 in earlier action.

(Reporting By Alistair Barr; editing by Gunna Dickson; Editing by Nick Zieminski)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.