Microsoft Finalizes Nuance Acquisition

Microsoft Finalizes Nuance Acquisition

Microsoft (NASDAQ: MSFT) has closed on the acquisition of Nuance Communications for a total of USD19.7 Billion. The action comes a year after Microsoft initially announced the agreement.

Throughout the past year, both companies were faced with challenges by antitrust investigators in the U.K and the EU, despite receiving quick sign-offs from regulators in both the U.S. and Australia. Nevertheless, amid the closure, Microsoft is now able to integrate Nuance’s conversational artificial intelligence technology into its cloud services platform.

“This powerful combination will help providers offer more affordable, effective, and accessible healthcare, and help organizations in every industry create more personalized and meaningful customer experiences,” said Scott Guthrie, executive vice president of Microsoft’s cloud and AI group.

Despite the acquisition, Mark Benjamin will maintain his role as CEO of Nuance but will now report to Microsoft’s Guthrie.

“Combining the power of Nuance’s deep vertical expertise and proven business outcomes across healthcare, financial services, retail, telecommunications, and other industries with Microsoft’s global cloud ecosystems will enable us to accelerate our innovation and deploy our solutions more quickly, more seamlessly, and at greater scale to solve our customers’ most pressing challenges,” said Benjamin. “As Microsoft and Nuance come together as one organization, we are excited about the opportunities ahead for our technology, employees, customers, and partners.”

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