Microsoft to acquire Nuance in $19.7 billion deal

BREAKING – Microsoft entered into a definitive arrangement to receive voice recognition and AI seller Nuance Communications in a $ billion all-funds deal, the organizations explained today.

The acquisition will support Microsoft expand its health care business as it normally takes regulate of Nuance’s speech recognition and transcription program.

Nuance is viewed as a leader in the health care transcription sector, right after it made sizeable investments in the latest a long time in its wellbeing IT products. The seller also sells voice recognition products for buyers and other markets.

Primarily based in Burlington, Mass., the vendor’s healthcare program includes Dragon Clinical One, a cloud-based speech recognition software that allows doctors to dictate individual notes to a secure platform.

Nuance’s Dragon Ambient Encounter (DAX), meanwhile records and transcribes conversations involving doctors and individuals. The platform routinely converts the conversation into structured notes that go by way of a human critique procedure to be certain accuracy and HIPAA compliance.

Nuance’s health care products combine with common EHR products, and automobile-populate patients’ healthcare records in the method.

In February, Nuance obtained startup Saykara, seller of an automatic transcription provider for doctors, to advance the DAX method.

Microsoft’s acquisition of Nuance builds on an current partnership involving the two program organizations. Nuance’s cloud-based platform runs on Microsoft Azure, and Microsoft had built-in Nuance products into its Microsoft Cloud for Health care, a health care-targeted cloud supplying released final calendar year.

Via this acquisition, Microsoft aims to further more combine Nuance program into Microsoft Cloud for Health care, the technological know-how big explained.

In addition to its health care products, Nuance sells transcription program for call facilities, legal offices, law enforcement, and buyers.

Nuance was just one of the primary developers of Apple’s Siri voice recognition technological know-how, supplying program that assisted procedure issues to Siri.

It is unclear if Microsoft has plans to use Nuance to operate with Cortana, Microsoft’s own productiveness assistant. Microsoft, however, ended guidance for Cortana on iOS and Android products previously this month, and ended Cortana guidance on intelligent speakers previously this calendar year.

Microsoft’s acquisition of Nuance, its most significant invest in considering that obtaining LinkedIn for a lot more than $26 billion in 2016, will see Microsoft pay back $56 per share.

Reporting in development — total tale to stick to.