Microsoft buys speech recognition software developer for nearly $20B

Microsoft Corp and Nuance Communications, Inc. have entered into a definitive agreement under which Microsoft will acquire Nuance for $56.00 per share, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance’s net debt, Report informs referring to a press release on Microsoft website.

Nuance is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience.

Microsoft has accelerated its efforts to provide industry-specific cloud offerings to support customers and partners as they respond to disruption and new opportunities.

Nuance is a pioneer and a leading provider of conversational AI and cloud-based ambient clinical intelligence for healthcare providers.

Microsoft’s acquisition of Nuance builds upon the successful existing partnership between the companies that was announced in 2019.

Nuance and Microsoft will deepen their existing commitments to the extended partner ecosystem, as well as the highest standards of data privacy, security and compliance.