Aeries Technology, a subsidiary of professional services and consulting company Aark Singapore Pte Ltd., and special purpose acquisition company Worldwide Webb Acquisition Corp. announced Monday that they will merge and take Aeries public at an implied market capitalization of $656 million, represented by Norton Rose and Shearman & Sterling LLP.
Microsoft Acquires Nuance for $19.7 Billion
Microsoft Acquires Nuance for $19.7 Billion
Going by
Bloomberg’s report, technology giant, Microsoft is acquiring Nuance Communications, a leader in speech to text software, for $19.7 billion.
In a post announcing the deal, the company said this was about increasing its presence in the healthcare vertical, a place where Nuance has done well in recent years.
In fact, the company announced the Microsoft Cloud for Healthcare last year, and this deal is about accelerating its presence there. Nuance’s products in this area include Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting.
Microsoft is acquiring Nuance Communications for $19.7B
Microsoft agreed today to acquire Nuance Communications, a leader in speech to text software, for $19.7 billion. Bloomberg broke the story over the weekend that the two companies were in talks.
In a post announcing the deal, the company said this was about increasing its presence in the healthcare vertical, a place where Nuance has done well in recent years. In fact, the company announced the Microsoft Cloud for Healthcare last year, and this deal is about accelerating its presence there. Nuance’s products in this area include Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting.