Trading Room home page

Amazon buys Ivona Software

Market watch top headlines

Australian reports

World reports

Stocks to watch

LYC, NST, OGC, SHL, WPL,

SAN FRANCISCO, Jan 24

January 25 2013, 07:51AM

Internet retail colossus Amazon.com has announced the purchase of a text-to-speech technology company in a move evidently aimed at ramping up the capabilities of its Kindle Fire tablet computers.

Amazon did not disclose financial terms of the deal to buy Poland-based Ivona Software, which it said already powers text-to-speech, Voice Guide, and Explore by Touch features on Kindle Fire tablets.

"The Ivona team shares our passion for innovation and customer obsession," Amazon Kindle vice president Dave Limp said in a release on Thursday.

"We look forward to building great products to deliver world-class voice solutions to customers around the world."

Founded in 2001 by fellow graduates of Gdansk University of Technology, Ivona now touts a client list that includes thousands of business and software developers around the world.

"For more than 10 years, the Ivona team has been focused on creating innovative text-to-speech technologies," said co-founder and chief executive Lukasz Osowski.

"We are all thrilled that Amazon is supporting our growth."

Kindle Fire competes in a booming tablet arena with rivals including Apple and Google.