3M enters Pittsburgh with an investment of $ 1 billion! The Pittsburgh-based technology business of M * Modal is ...
Original publication date on the United States Real Estate Forum on Facebook:
2018-12-23T04:47:34+0000
3M enters Pittsburgh with an investment of $ 1 billion!
The Pittsburgh-based technology business of M * Modal is being associated for $ 1 billion by conglomerate 3M, the company announced in a press release on Wednesday.
M * Modal started off in Pittsburgh as a spinout of Carnegie Mellon University in 2001. The company specialized in speech recognition technology that allowed dictation to be turned into information that could be used in medical records. It was acquired by Tennessee-based MedQuist Holdings Inc. in 2011 for $ 130 million; a year later, the new owner took the name of the acquired company.
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