Microsoft closes on $16 billion acquisition of Nuance
ABC News
Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance
Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance.
The deal, which was announced last year, helps Microsoft Corp. get more entrenched into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools.
Nuance Communications Inc. has been a pioneer in voice-based artificial intelligence technology and was instrumental in helping to power Apple’s digital assistant Siri. The Burlington, Massachusetts-based company has since shifted its focus to health care.
“This powerful combination will help providers offer more affordable, effective and accessible healthcare, and help organizations in every industry create more personalized and meaningful customer experiences," Scott Guthrie, executive vice president of the Cloud + AI Group at Microsoft, said in a statement on Friday.
