Microsoft acquires Nuance—makers of Dragon speech rec—for $16 billion

Enlarge / On this 2011 picture, Dr. Michael A. Lee makes use of Dragon Medical voice-recognition software program to enter his notes after seeing a affected person. (credit score: David Ryan through Getty Photos)
Earlier in the present day, Microsoft introduced its plans to buy Nuance for $56 per share—23 p.c above Nuance’s closing worth final Friday. The deal provides as much as a $16 billion money outlay and a complete valuation for Nuance of about $19.7 billion, together with that firm’s assumed debt.
Who’s Nuance?
On this 2006 picture, Rollie Berg—who has extraordinarily restricted use of his fingers as a consequence of a number of sclerosis—makes use of Dragon NaturallySpeaking eight to work together immediately along with his PC. (credit score: Joey McLeister through Getty Photos)
Nuance is a widely known participant within the discipline of pure language recognition. The corporate’s know-how is the core of Apple’s Siri private assistant. Nuance additionally sells well-known private speech-recognition software program Dragon NaturallySpeaking, which is invaluable to many individuals with a variety of bodily disabilities.
Dragon NaturallySpeaking, initially launched in 1997, was one of many first commercially obtainable steady dictation merchandise—that means software program that didn’t require the person to pause briefly between phrases. In 2000, Dragon Methods was acquired by ScanSoft, which acquired Nuance Communications in 2005 and rebranded itself as Nuance.Learn 7 remaining paragraphs | Feedback

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