Microsoft Finalizes Acquisition of Nuance
Mar 4, 2022 By MarketDepth
Microsoft Corporation (NASDAQ: MSFT) reported completion of its acquisition of Nuance Communications Inc. (NASDAQ: NUAN). Microsoft and Nuance shall enable organizations across industries to push business goals with security focused, cloud based solutions infused with powerful optimized AI. Customers benefit from enhanced consumer, patient, clinician and employee experiences. “Completion of this significant and strategic acquisition brings together Nuance’s best-in-class conversational AI and ambient intelligence with Microsoft’s secure and trusted industry cloud offerings,” said Scott Guthrie, executive vice president, Cloud + AI Group, Microsoft. “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. I couldn’t be more pleased to welcome the Nuance team to our Microsoft family.”
“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. As Microsoft and Nuance come together as one organization, we are excited about the opportunities ahead for our technology, employees, customers and partners.”Mark Benjamin, CEO of Nuance
Mark Benjamin will remain CEO of Nuance and report to Microsoft Cloud + AI Group Executive Vice President Scott Guthrie.