Microsoft closes $16Bn acquisition of Nuance
By MYBRANDBOOK
Microsoft has closed on its approximately $16 billion acquisition of speech recognition company Nuance. Nuance’s artificial intelligence technology helped power Apple’s Siri digital voice assistant upon its release on iPhones more than a decade ago.
The deal was announced last year but faced a knock in December when British antitrust regulators said they were opening an investigation into whether it could result in a “substantial lessening of competition” in the U.K. market, later announcing the clearance of the deal.
The EU’s top antitrust authority said Microsoft and Nuance “offer very different products” and would continue to face strong competition in their respective markets. Mark Benjamin will continue to serve as CEO of Nuance and report to Scott Guthrie, the head of Microsoft's cloud computing and AI division.
Scott Guthrie, Executive Vice President of the Cloud + AI Group at Microsoft, said in a statement, “This powerful combination will help providers offer more affordable, effective and accessible healthcare, and help organizations in every industry create more personalized and meaningful customer experiences.”
Microsoft in January announced that it would spend $70 billion to acquire video game maker Activision Blizzard.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
FRESHWORKS TECHNOLOGIES PVT. LTD.
OPTIEMUS INFRACOM
BHARAT ELECTRONICS LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS
Technology Icons Of India 2023: Ashwini Vaishnaw
Ashwini Vaishnaw is an Indian politician and former IAS officer and is...
Technology Icons Of India 2023: Mukesh D. Ambani
An Indian billionaire businessman Mukesh Dhirubhai Ambani is currently...
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...