Swype was acquired by Nuance. Nuance has quite the portfolio for input entry whether it be by speech or typing.

Reinventing text entry/editing is something I've always wanted to do/see done. Wish there were more solutions that weren't based off of QWERTY, though. I realize it's been the standard since the typewriter, but if we really want to see huge gains in speed and efficiency, we should shift away from it.

I was always surprised that Apple did not acquire Swype. It is a fantastic input method, the kind of "magic" people expect from Apple. Now that the Google has implemented gesture typing for Android's stock keyboard, I assume Swype must not have patents strong enough to block imitators. Maybe that's why Swype was not acquired by Apple or Google.