Mobile is hot, and Swype is the latest company to succeed. For those of you how have not used it, Swype has a specially designed keyboard for mobile devices that allows the user to enter text by simply sliding their finger from key to key to spell a word. It includes the functionality to learn new words and make guesses about what the user has entered. Some people love the Swype keyboard, and it is installed across 50 million Android devices.
It has just been purchased by Nuance for $102.5 million. Not bad since the Swype keyboard is free and has no room for ads. Swype also raised a total of $14 million in funding. The deal had links to both companies’ past. Swype was created by Cliff Kushler, who also pioneered the T9 text input method at Tegis Communications. Tegis Communications was purchased by Nuance in 2007 from AOL for $265 million.
It will be interesting to see how Nuance leverages the Swype technology in the future. It will also be interesting to see what startup Cliff Kushler works on next.