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Photo: Matthew Manuel Unsplash. Acquirer: Microsoft. Target: Nuance Communications. Closing date: Q3 Acquirer advisor: Goldman Sachs. Target advisor: Evercore. The acquirer will also gain access to the relationships held by Nuance, to gain market share within the healthcare sector.
The proprietary technology held by Nuance will be applied within the cloud offering, implying a quicker entry-to-market. Founded in , Microsoft is a multinational technology company that develops, licences, manufactures as well supports computer services such as software and consumer electronics. Renowned for its software product, Microsoft Windows as well as its Xbox gaming station, Microsoft employs over , people worldwide as is one of the most valued companies in the world.
CEO: Satya Nadella. Number of employees: , Nuance is a multinational technology company that has pioneered speech recognition and has been a large force behind the ever-popular Siri function found in Apple products. Beyond healthcare, Nuance provides AI expertise and customer engagement solutions across Interactive Voice Response IVR , virtual assistants, and digital and biometric solutions to companies around the world across all industries. The path forward is clearly with Microsoft — who brings intelligent cloud-based services at scale and who shares our passion for the ways technology can make a difference.
At the same time, this combination offers a critical opportunity to deliver meaningful and certain value to our shareholders who have driven and supported us on this journey. The transaction has been unanimously approved by the Boards of Directors of both Nuance and Microsoft.
Microsoft expects the acquisition to be minimally dilutive less than 1 percent in fiscal year and to be accretive in fiscal year to non-GAAP earnings per share, based on the expected close timeframe. Non-GAAP excludes expected impact of purchase accounting adjustments, as well as integration and transaction-related expenses.
The acquisition will not impact the completion of its existing share repurchase authorization. Eastern Time regarding this transaction. Its mission is to empower every person and every organization on the planet to achieve more. About Nuance Communications, Inc. A full-service partner trusted by 77 percent of U. Web links, telephone numbers and titles were correct at time of publication but may have changed. Trademark reference: Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc.
All other trademarks referenced herein are the property of their respective owners. In connection with the transaction, Nuance Communications, Inc. Promptly after filing its definitive proxy statement with the SEC, the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. Information regarding the identity of the participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction.
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|Nuance goldman sachs||A couple of years ago, Microsoft announced it was creating a new healthcare-focused research unit, Healthcare NExT. Share this: Twitter Facebook. The full impact of our innovation can only be golldman by enabling more patients to nuance goldman sachs treated with our evidence-based technologies designed to improve long-term outcomes while reducing the burden of care, and we wish to thank our new and existing investors for their partnership in our journey to achieve carefirst provider nuance goldman sachs Jim Schuermann, aluda Medical President and CEO. PagerDuty to acquire Catalytic. Nuance is a pioneer and a leading provider of conversational AI and cloud-based ambient goldjan intelligence for healthcare providers. Join Now.|
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