Page 3 - Powerscribe One News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Microsoft bets big on healthcare; buys AI speech tech company Nuance for $19.7 Billion In the latest development, Microsoft has announced the acquisition of Nuance Communications, in an all-cash transaction valued at $19.7 billion, inclusive of net debt. As a part of the deal, the Redmond tech giant will pay $56 per share for Nuance, a 23% premium over the closing price of Nuance on Friday, April 9. The transaction is expected to be closed this calendar year. Mark Benjamin will remain CEO of Nuance reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. Notably, this ...

(Photo by Cavan Images\Getty Images) Microsoft is acquiring Nuance Communications in an all-cash transaction valued at $19.7 billion, inclusive of Nuance's net debt. The transaction is intended to close this year. Nuance is a cloud and software provider of conversational AI and cloud-based ambient clinical intelligence for healthcare systems. Nuance's products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting, all leading clinical speech recognition SaaS offerings built on Microsoft Azure. Nuance's solutions work with electronic health reco...

Microsoft has swooped in to buy up Massachusetts-based Nuance Communications Inc. The $20 billion deal is the second biggest by value in Microsoft's history, beaten only by Microsoft's acquisition of LinkedIn back in 2016. Nuance is best known for its speech recognition technology and has been in the HEXUS news several times with innovations in voice control of TVs, laptops, cars, and dictation software for PCs. However, I note that our last Nuance headlined report, back in 2014, concerned a possible buyout by Samsung. In recent years computer/smart device voice recognition and dictation feat...

Microsoft confirms Nuance acquisition for nearly $20 billion Apr 12, 2021 09:42 EDT with 4 comments Over the weekend, reports emerged that Microsoft was considering an acquisition of Nuance Communications, a company focusing on cloud and AI products, specifically for healthcare. It hasn't taken long for an official confirmation, as Microsoft has now announced that that's acquiring the company in an all-cash transaction valued at $19.7 billion, including Nuance's net debt. That values each share at $56, a 23% increase over their closing price on Friday, April 9. Nua...

Microsoft's acquisition of Nuance comes after the companies formed a partnership in 2019. AI is technology's most important priority, and healthcare is its most urgent application, Microsoft CEO Satya Nadella said in a statement. Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about USD 19.7 billion. Microsoft will pay USD 56 per share in cash. That's a 23 percent premium to Nuance's Friday closing price. The companies value the transaction including debt at USD 19.7 billion. Shares of Burlington, Massachusetts-based Nuance surged more tha...