Microsoft Acquires Nuance Communications At $19.7 Billion

Microsoft said that the acquisition will accelerate its ability to provide cloud-based solutions specifically to the healthcare industry.

Recently, Microsoft announced that it has entered into a definitive agreement with Nuance Communications under which Microsoft will acquire Nuance for $56.00 per share, amounting to a sum of $19.7 billion, inclusive of Nuance’s net debt.

Microsoft said that Nuance is a trusted cloud and AI software leader. It represents decades of accumulated healthcare and enterprise AI experience. After the transaction which is intended to close this calendar year, Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive VP of Cloud & AI at Microsoft.

Source: Microsoft

Microsoft said that it has been accelerating its efforts to offer industry-specific cloud offerings to support customers and partners as they respond to disruption and new opportunities. This acquisition represents the latest effort in Microsoft’s industry-specific cloud strategy.

Microsoft's CEO Satya Nadella, said "Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI,.. Together, with our partner ecosystem, we will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making and create more meaningful connections, as we accelerate growth of Microsoft Cloud for Healthcare and Nuance."

Apart from the healthcare, Nuance provides AI expertise and customer engagement solutions across IVR, virtual assistants, and digital and biometric solutions to businesses around the globe across all industries. Now, this expertise will come together with the breadth and depth of Microsoft’s cloud, to offer next-generation customer engagement and security solutions.