BREAKING – Microsoft entered into a definitive settlement to obtain voice recognition and AI seller Nuance Communications in a $19.seven billion all-funds deal, the organizations reported right now.
The acquisition will aid Microsoft mature its health care company as it can take handle of Nuance’s speech recognition and transcription computer software.
Nuance is considered a leader in the health care transcription current market, following it made substantial investments in recent decades in its well being IT merchandise. The seller also sells voice recognition merchandise for individuals and other marketplaces.
Centered in Burlington, Mass., the vendor’s healthcare computer software contains Dragon Medical 1, a cloud-based speech recognition software that permits physicians to dictate individual notes to a secure platform.
Nuance’s Dragon Ambient Encounter (DAX), meanwhile information and transcribes conversations among physicians and individuals. The platform routinely converts the discussion into structured notes that go via a human assessment process to ensure accuracy and HIPAA compliance.
Nuance’s health care merchandise integrate with well known EHR merchandise, and vehicle-populate patients’ healthcare information in the procedure.
In February, Nuance obtained startup Saykara, seller of an automated transcription services for physicians, to progress the DAX procedure.
Microsoft’s acquisition of Nuance builds on an current partnership among the two computer software organizations. Nuance’s cloud-based platform operates on Microsoft Azure, and Microsoft had integrated Nuance merchandise into its Microsoft Cloud for Healthcare, a health care-targeted cloud supplying released past yr.
By way of this acquisition, Microsoft aims to even more integrate Nuance computer software into Microsoft Cloud for Healthcare, the technologies large reported.
In addition to its health care merchandise, Nuance sells transcription computer software for contact centers, legal offices, law enforcement, and individuals.
Nuance was one particular of the primary developers of Apple’s Siri voice recognition technologies, supplying computer software that helped process inquiries to Siri.
It is unclear if Microsoft has options to use Nuance to work with Cortana, Microsoft’s private productivity assistant. Microsoft, on the other hand, ended assist for Cortana on iOS and Android units earlier this thirty day period, and ended Cortana assist on smart speakers earlier this yr.
Microsoft’s acquisition of Nuance, its most significant invest in since acquiring LinkedIn for additional than $26 billion in 2016, will see Microsoft pay back $56 for every share.
Reporting in development — full tale to follow.