Nuance shares were purchased at a price of $ 56 per share. The transaction was fully paid in cash.
Nuance Communications offers speech recognition and transcription tools for sensitive areas, including diagnostics, support calls and voice messages. Nuance solutions are currently used by more than half of physicians and 75% of radiologists in the United States in 77% of hospitals.
Meanwhile, Microsoft has stepped up efforts to provide industry-specific cloud offerings for customer support, including Microsoft Cloud for Healthcare. Implementing Nuance solutions will empower healthcare providers.
Microsoft has its own Cortana speech recognition technology, but the corporation has previously ditched some of its voice assistant lines. The company confirmed on March 31 that it has officially ended support for Cortana on mobile.
Nuance has been in business since 1992 and has 7,100 employees. At the end of 2020, the company reported a net profit of $ 7 million on revenues of about $ 346 million.
Microsoft previously tried to buy TikTok and was in talks to acquire Pinterest.
Nuance shares were purchased at a price of $ 56 per share. The transaction was fully paid in cash.
Nuance Communications offers speech recognition and transcription tools for sensitive areas, including diagnostics, support calls and voice messages. Nuance solutions are currently used by more than half of physicians and 75% of radiologists in the United States in 77% of hospitals.
Meanwhile, Microsoft has stepped up efforts to provide industry-specific cloud offerings for customer support, including Microsoft Cloud for Healthcare. Implementing Nuance solutions will empower healthcare providers.
Microsoft has its own Cortana speech recognition technology, but the corporation has previously ditched some of its voice assistant lines. The company confirmed on March 31 that it has officially ended support for Cortana on mobile.
Nuance has been in business since 1992 and has 7,100 employees. At the end of 2020, the company reported a net profit of $ 7 million on revenues of about $ 346 million.
Microsoft previously tried to buy TikTok and was in talks to acquire Pinterest.
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