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Headquartered in Burlington, Massachusetts, Nuance is widely known in the U.S. health-care space, but has room to grow overseas. On the day the deal was announced, Microsoft said that 55% of U.S. doctors and 77% of U.S. hospitals use Nuance, and 80% of its revenue came from the U.S. in its most recent fiscal year. That means Microsoft can introduce Nuance to its massive international customer base. Last fiscal year, 49% of Microsoft's revenue came from outside the U.S. There are certain human medical processes that can be automated that Microsoft isn't immediately interested in. For instance,...

Nuance Announces Second Quarter 2021 Results News provided by Share this article Share this article BURLINGTON, Mass., May 10, 2021 /PRNewswire/ -- Nuance Communications, Inc. (NASDAQ: NUAN) today announced financial results for its second quarter ended March 31, 2021: GAAP revenue of $347.0 million and GAAP earnings per diluted share of $0.04. Non-GAAP revenue of $347.0 million and non-GAAP earnings per diluted share of $0.20. "Q2 marked a solid quarter in which we delivered on our strategic and financial objectives," said Mark Benjamin, Chief Executive Officer at Nuance. "This execution tr...

Apr 13, 2021 3:00 AM PT Microsoft on Monday announced it is purchasing Nuance Communications, a natural language to computer processing company, in a deal valued at $19.7 billion. In the all-cash transaction, Microsoft will acquire all of Nuance's outstanding stock for US$56 a share, a 23 percent premium over the share price at the close of the market last Friday. The deal, which is Microsoft's largest since it acquired LinkedIn in 2016 for more than $26 billion, is expected to close at the end of the calendar year. Mark Benjamin will remain CEO of Nuance and report to Scott Guthrie, executiv...

The highest-paid chief executives at publicly traded technology companies in Massachusetts saw compensation that ranged from just $83,274 to over $230 million last year.

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 Ambie...