The Nuance acquisition represents Microsoft's largest acquisition since it bought LinkedIn for more than $26 billion in 2016. Last month,Nuance would be aligned with the part of Microsoft's business that serves businesses and governments. Nuance derives revenue by selling tools for recognizing and transcribing speech in doctor office visits, customer-service calls and voicemails.
"We've seen a massive accelearation of digital transformation… health care in particular," Nadella said. "When you think about the provider market… digital tech is going to be the key."of 2020, with revenue declining 4% on an annualized basis. Nuance was founded in 1992, and had 7,100 employees as of September.
Microsoft said Nuance CEO Mark Benjamin will remain at the company and report to Scott Guthrie,who is in charge of Microsoft's cloud and artificial intelligence businesses. Nuance has a strong reputation for its voice recognition technology, and it has been considered an acquisition target for companies like
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