Author: Brenda Marie Rivers|| Date Published: April 12, 2021
Microsoft (Nasdaq: MSFT) is nearing a potential deal to acquire Burlington, Massachusetts-based artificial intelligence technology developer Nuance Communications (Nasdaq: NUAN) for $56 per share, or approximately $16 billion, Bloomberg reported Sunday.
The estimated price of the transaction is a premium of 23 percent to Nuance’s Friday closing price.
Nuance – which earned $1.48 billion in revenue for its 2020 fiscal year ended Sept. 30, 2020 – offers conversational AI platforms such as the PowerScribe 360 lung cancer screening technology and the Dragon speech recognition software.
The two companies formed a partnership in 2019 to streamline electronic health record management through voice capture technology, according to the report.
eSimplicity announced on LinkedIn Tuesday that Richard Smith has been appointed vice president and general manager of defense and national security. What…
