AT&T today announced the sale of its “Watson” speech recognition platform and some related patents to the Interactions Corporation in exchange for an undisclosed amount of equity.

For clarity, AT&T’s Watson has nothing to do with IBM’s Watson.

Although the terms of the deal remain vague, the essence of the transaction appears to be pretty simple: AT&T is giving Interactions its speech tech, and Interactions will run with it, hopefully enhance it, and license the technology to developers.

And if AT&T believes its speech tech will yield more results in Interactions’ hands, it’s wise of them trade it for equity — although we have absolutely no idea how much equity will be exchanged when the deal closes. Reached for comment, an Interactions spokesperson declined to share any additional details.

As mentioned above, Interactions aims to “license Watson as a standalone technology” and will allow application developers to “choose from cloud-based, on-premise or embedded delivery models.” Given that Interactions largely provides services to major corporations, the company will probably use its Watson tech to offer some sort of Siri-in-a-box service to third-parties.

According to a jargon-filled press release, Interactions says “the primary goal of entering into this agreement for both Interactions and AT&T is to offer new disruptive technologies in the existing market place with the introduction of new, reliable interface options that capitalize on the advancements of each organization to create an unparalleled user experience.”

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