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Microsoft buys Nuance, a 19.7 billion transaction

2021-04-12T13:23:21.707Z

Company deals with voice technology, for healthcare and tlc (ANSA)  Microsoft buys Nuance for $ 56 per share in an all-cash transaction worth $ 19.7 billion, including debt. Nuance is a cloud and artificial intelligence software company, primarily active in the healthcare sector. A move that reflects the company's continued investments in the artificial intelligence sector. It is the second major acquisition after LinkedIn in 2016 for over $ 26 billion. Nuance,



 Microsoft buys Nuance for $ 56 per share in an all-cash transaction worth $ 19.7 billion, including debt.

Nuance is a cloud and artificial intelligence software company, primarily active in the healthcare sector.

A move that reflects the company's continued investments in the artificial intelligence sector.

It is the second major acquisition after LinkedIn in 2016 for over $ 26 billion.

Nuance, headquartered in Burlington, near Boston, was founded in 1992 and has 7,100 employees.

It specializes in the field of so-called "conversational AI" for applications in healthcare, telecommunications, automotive, financial services and more.

The company reported revenue of $ 345.8 million in the quarter ended December 31.

Microsoft has partnered with Nuance in the past on healthcare related projects.

The company in turn has previously acquired Saykara, a Seattle-based healthcare solutions startup with a voice assistant for physicians in its portfolio.

Just a few days ago, rumors about a possible purchase by Microsoft of Discord, chat for video game enthusiasts, were spread.


Source: ansa

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