FB pixel

Microsoft buys Nuance for $19.7B, expands voice biometrics footprint

The deal expands Microsoft’s government and business solutions
Microsoft buys Nuance for $19.7B, expands voice biometrics footprint
 

Microsoft is expanding its speech biometrics offerings for businesses and governments with the acquisition of Nuance Communications. Microsoft, which first proposed the deal in December 2020, will acquire Nuance at $56 per share, 23 percent over Nuance’s latest stock closing value at $45.58 per share.

The deal would furthermore boost the speech recognition firm’s value to approximately $19.7 billion, making Nuance the second-largest acquisition after Microsoft’s 2016 purchase of LinkedIn for $27 billion. This milestone would follow Nuance’s recent global partnerships to provide its voice biometrics solution to call centers across various industries such as banking.

In 2020, Nuance reportedly recorded a net income of $7 million on approximately $346 million in revenue in the fourth quarter. The company, which is headquartered in Massachusetts, has grown since 1992 and as of September 2020 counts 7,100 employees. In 2019, Nuance and Microsoft partnered up to provide AI-driven voice biometrics for healthcare applications to improve the doctor-patient experience.

This latest addition expands Microsoft’s business and government-focused services. While Microsoft already offers developer tools to integrate speech recognition, buying Nuance greatly increases the company’s speech recognition capabilities.

Article Topics

 |   |   |   |   |   | 

Latest Biometrics News

 

Challenges in face biometrics addressed with new tech and research amid high stakes

Big biometrics contracts and deals were the theme of several of the stories on that drew the most interest from…

 

Online age verification debates continue in Canada, EU, India

Introducing age verification to protect children online remains a hot topic across the globe: Canada is debating the Online Harms…

 

Login.gov adds selfie biometrics for May pilot

America’s single-sign on system for government benefits and services, Login.gov, is getting a face biometrics option for enhanced identity verification…

 

BIPA one step closer to seeing its first major change since 2008 inception

On Thursday, a bipartisan majority in the Illinois Senate approved the first major change to Illinois Biometric Information Privacy Act…

 

Identity verification industry mulls solutions to flood of synthetic IDs

The advent of AI-powered generators such as OnlyFake, which creates realistic-looking photos of fake IDs for only US$15, has stirred…

 

Idemia discusses faster police operations, improved outcomes with livescan biometrics

Biometrics, and fingerprints in particular, have long been one of the pillars of forensics work performed by police and crime…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read From This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events