This would mark the second largest purchase by Microsoft ever, only surpassed by the $26.2 billion the company paid for LinkedIn in 2016. The transaction has already been approved by both company boards and Microsoft reports it expects the deal to close by the end of this year, subject to standard regulatory oversight and approval by Nuance shareholders. It’s worth noting that Microsoft already has a number speech recognition and chat bot products of its own, including desktop speech to text services in Windows and on Azure, but it took a chance to buy a market leader and go deeper into the healthcare vertical. “With this sale, we will reach an important milestone in our journey towards a more focused strategy of advancing our Conversational AI, natural language understanding and ambient clinical intelligence solutions,” Benjamin said in a statement at the time. Company CEO Benjamin said this was about helping the company concentrate on its core speech services. That’s not the direction a company wants to go, but it is still a run rate of over $1.4 billion.Īt the time of that earnings call, the company also announced it was selling its medical transcription and electronic health record (EHR) Go-Live services to Assured Healthcare Partners and Aeries Technology Group. In its most recent earnings report from November 2020, which was for Q42020, the company reported $352.9 million in revenue compared to $387.6 million in the same period a year prior. The company has 6,000 employees spread across 27 countries. High linguistic accuracy offers correct readout of all types of text input including a large dictionary of person names. Microsoft has acquired GitHub for $7.5B in stock A truly universal voice portfolio offers more than 40 languages and 70 voices to facilitate the creation of global solutions using a single engine.
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