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Microsoft Acquires Nuance, Arc XP Adds eCommerce Offering and More News
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Adobe
In a strategic move that elevates its existing partnership with Nuance, Microsoft will acquire the cloud and AI software provider for $56 a share in a transaction that will complete by the end of this calendar year.
Nuance is a provider of conversational AI and cloud-based ambient clinical intelligence for healthcare providers. Nuanceâs products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting, all clinical speech recognition SaaS offerings built on Microsoft Azure. Nuance solutions are currently used by more than 55% of physicians and 75% of radiologists in the U.S., and used in 77% of U.S. hospitals. Nuanceâs Healthcare Cloud revenue experienced 37% year-over-year growth in Nuanceâs fiscal year 2020 (which ended September 2020).