The Worldfolio: Advanced Media: Unveiling Japan s digital transformation landscape theworldfolio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theworldfolio.com Daily Mail and Mail on Sunday newspapers.
Nuance Communications, the Burlington-based speech-to-text pioneer bought by Microsoft last year, is cutting jobs as it focuses more narrowly on the health care market.
Microsoft Acquires Nuance for $19.7 Billion
Microsoft Acquires Nuance for $19.7 Billion
Going by
Bloomberg’s report, technology giant, Microsoft is acquiring Nuance Communications, a leader in speech to text software, for $19.7 billion.
In a post announcing the deal, the company said this was about increasing its presence in the healthcare vertical, a place where Nuance has done well in recent years.
In fact, the company announced the Microsoft Cloud for Healthcare last year, and this deal is about accelerating its presence there. Nuance’s products in this area include Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting.
Print this article Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan, N.Y., October 26, 2016.
(Lucas Jackson/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: the history of Nuance’s Dragon brand, J&J vaccine halted, Jack Ma capitulates, and W. Brian Arthur on “Economics in Nouns and Verbs.” To sign up for the Capital Note, follow this link.
Dragon 2.0
Yesterday, Microsoft announced a $16 billion acquisition of language-processing firm Nuance Communications, the latest in a string of big-ticket deals closed by CEO Satya Nadella, who spearheaded the purchases of LinkedIn and Github, among others.