Microsoft Set To Get Nod From EU On $16B Speech Technology Nuance Deal

Microsoft on Friday is set to secure antitrust approval from the European Union for its bid to buy artificial intelligence and speech technology firm Nuance Communications.

The company announced the $16 billion buy in April, saying it would boost its presence in cloud solutions for healthcare customers. The deal is Microsoft's second biggest after its $26.2 billion buy of LinkedIn in 2016. 

Nuance is known for pioneering speech technology and helping launch Siri, Apple’s virtual assistant. The speech technology now serves 77% of U.S. hospitals, reports Reuters, citing numerous sources. 

The EU is scheduled to decide on the deal by Dec. 21. It has already received regulatory approval in the United States and Australia.

Nuance was incorporated in 1992 as Visioneer. In 1999, the company changed its name to ScanSoft.

In April, Microsoft announced Nuance CEO Mark Benjamin would remain with the company, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft.

Nuance's well-known software Dragon, one of Nuance’s early consumer products, was released in December 2009 as a free app. It is now commonly found licensed in vehicle infotainment systems and healthcare equipment. Dragon Dictation speech recognition is based on Dragon NaturallySpeaking speech recognition technology.


Next story loading loading..