Nuance Communications Inc reported £1.09 billion of revenue in 2020. Nuance shares jumped a little under 20% in premarket trading on Monday. In an announcement on Monday, Microsoft Corp (NASDAQ: MSFT) said it will acquire Nuance Communications Inc. (NASDAQ: NUAN) for roughly £11.64 billion. Bringing the artificial intelligence and speech technology company under its umbrella, Microsoft said, will help it expand its footprint in the cloud business, particularly for healthcare and enterprise customers. Nuance shares jumped a little under 20% in premarket trading on Monday. The stock is now exchanging hands at £38.57 per share versus £31.80 per share at the end of 2020. Nuance had plummeted to a low of £10.63 per share in March 2020, when the impact of the COVID-19 crisis was at its peak.