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Transcend Services, Inc. Buyout Investigated By The Securities Attorneys At The Briscoe Law Firm And Powers Taylor, LLP

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Transcend Services, Inc. (“Transcend Services”) (NASDAQ: TRCR) to Nuance Communications, Inc. for shareholders. Under the proposed buyout transaction, Transcend Services shareholders will receive $29.50 in cash for each share of Transcend Services/TRCR stock owned, which is significantly less than the target price of $34.00 per share recently announced by analysts.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The definitive merger agreement involves an all cash transaction with a total equity value of approximately $300 million. The deal is expected to close in the second half of Nuance Communication’s 2012 fiscal year.

The investigation centers on whether Transcend Services shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Transcend Services stock, and whether Transcend Services’ board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Although the acquisition price represents an approximate 30% premium over the company’s 90-day volume weighted average share price, Transcend Services shares closed above the purchase price as recently as August 3, 2011. Further, according to Yahoo! Finance, at least one analyst has reported that the true inherent value of Transcend Services shares may be as high as $34.00 per share. According to shareholder rights attorney Willie Briscoe, “Based on recent positive revenue growth by Transcend Services, including a reported 22% revenue growth for the fourth quarter of year 2011, Transcend Services appears headed for significant growth that is not calculated into this buyout. Our proposed shareholder lawsuit seeks to obtain additional value for shareholders than what is proposed in the current buyout offer."

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