Microsoft buys Nuance for nearly $20 billion deal

Microsoft said it agreed to buy Nuance Communications, a cloud and artificial intelligence (AI) software company, in a cash transaction valued at $ 19.7 billion, including debt on Monday.

So what is Nuance ?

“Nuance provides the artificial intelligence layer at the point of healthcare delivery and is a pioneer in the real-world application of enterprise artificial intelligence” Microsoft CEO Satya Nadella said in a statement. “Artificial intelligence is the highest priority in technology and healthcare is most urgent application.”

Nuance products include multiple clinical speech recognition as a service (SaaS) software offerings built on Microsoft Azure. The company’s solutions work with major healthcare systems and are currently used in 77% of US hospitals, noted in a statement of him.

Beyond healthcare, Nuance provides expertise in artificial intelligence and customer engagement solutions in interactive voice response, virtual assistants, and digital and biometric solutions.

Microsoft’s acquisition of Nuance builds on the existing partnership between the companies announced in 2019 to help transform healthcare delivery. Last year, the software giant introduced Microsoft Cloud for Healthcare to address the needs of the rapidly transforming and growing healthcare industry.

This combination might results solutions and expertise to deliver new cloud and artificial intelligence capabilities in healthcare and other industries, and represent the latest step in Microsoft’s industry-specific cloud strategy, the Redmond-based company noted.

Yuuma



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