Small Greek tech firm bought out by Samsung

first_img Facebook Twitter: @NeosKosmos Instagram A small Greek tech firm specialising in text-to-speech messaging was acquired by Samsung last week, in a move which was hailed as proof of Greece’s status as fertile ground for investment in technology and innovation. The South Korean giant bought all shares of the small company for an undisclosed sum.Founded in 2006 by four Greek scientists and managed by Emilios Halamandaris, Innoetics developed text-to-speech technologies, which are in high demand at the moment. Hence the interest from the South Korean tech giant which is believed to be going to use the Greek company’s software in future ventures, which will help its positioning against competitors such as Apple and Google. As for Halamandaris and the Innoetics staff of seven, they are now part of the Samsung staff and will continue developing the Innoetics technology.last_img

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