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By indospot
Microsoft confirms Nuance acquisition for nearly $20 billion
by João Carrasqueira
Over the weekend, reports emerged that Microsoft was considering an acquisition of Nuance Communications, a company focusing on cloud and AI products, specifically for healthcare. It hasn't taken long for an official confirmation, as Microsoft has now announced that that's acquiring the company in an all-cash transaction valued at $19.7 billion, including Nuance's net debt. That values each share at $56, a 23% increase over their closing price on Friday, April 9.
Nuance's products include Dragon Ambient eXperience, Dragon Medical One, and PowerScribe One, all of which are speech recognition services powered by Microsoft's Azure. In fact, the acquisition of Nuance follows a partnership between the two companies back in 2019, when the companies brought the Dragon Medical software and Microsoft's Azure solutions together to "transform the doctor-patient experience".
Nuance's healthcare-focused products are very widely used across the United States, with 55% of physicians and 75% of radiologists relying on them. But the company does more than healthcare, also offering solutions in the field of AI and customer engagement, such as helping with Apple's Siri virtual assistant.
Microsoft CEO Satya Nadella commented on the acquisition, saying:
The transaction has been approved unanimously by the Boards of Directors at both companies and is expected to close by the end of the 2021 calendar year, though the financial effects will mostly be felt in fiscal year 2023 for Microsoft. Mark Benjamin will continue to serve as CEO of Nuance and report to Microsoft's Scott Guthrie, vice president of the Cloud & AI group at the Redmond company.
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By News Staff
Save 98% off this 2021 Complete CompTIA Certification Prep Super Bundle
by Steven Parker
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Disclosure: This is a StackCommerce deal or giveaway in partnership with Neowin; an account at StackCommerce is required to participate in any deals or giveaways. For a full description of StackCommerce's privacy guidelines, go here. Neowin benefits from shared revenue of each sale made through our branded deals site, and it all goes toward the running costs.
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By News Staff
Get the Google Cloud Certifications Practice Tests + Courses Bundle for only $29.99
by Steven Parker
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Disclosure: This is a StackCommerce deal or giveaway in partnership with Neowin; an account at StackCommerce is required to participate in any deals or giveaways. For a full description of StackCommerce's privacy guidelines, go here. Neowin benefits from shared revenue of each sale made through our branded deals site, and it all goes toward the running costs.
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By indospot
Microsoft acquires The Marsden Group, an industrial technology company
by João Carrasqueira
Microsoft shopping spree seems to be never-ending, and the company today announced that it's acquiring The Marsden Group, a company specializing in industrial technology solutions. Microsoft aims to provide more value to industrial customers with solutions based on Microsoft's cloud, edge, and AI products.
In its announcement, Microsoft describes The Marsden Group as a "leader in industrial technology innovation and rapid prototyping". The company provides an array of technology solutions for sectors like the automotive industry, industrial plants, equipment manufacturers, and remote and harsh environments like sea drilling operations. Prior to the acquisition, The Marsden Group was already a Gold Microsoft Partner and has had a presence at events like Microsoft Inspire.
Microsoft believes that the need for constant innovation in these industries is ever-growing as businesses realize they need to keep investing in new technologies in order to compete. By bringing in The Marsden Group, it will have a team used to helping businesses identify problems and solutions quickly, as well prototype and implement those solutions. The goal is to combine that expertise with its own solutions, delivering more value.
For general consumers, this isn't the most exciting of news, but it's another symbol of Microsoft's intention to keep investing in its business solutions based on edge and cloud computing. We're likely to see even more announcements related to these solutions in future business-oriented events like Inspire and Ignite.
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By zikalify
Nokia partners with Microsoft to integrate Cloud RAN with Azure
by Paul Hill
Nokia and Microsoft have formed a new partnership that will see Nokia integrate its Cloud RAN technology with Microsoft’s Azure to boost end-user functionality in business scenarios. The partnership is one part of Nokia’s strategy to partner with cloud providers to deliver for end-user businesses looking to monetise their 4G and 5G deployments.
Commenting on the partnership, Yousef Khalidi, Corporate Vice President, Azure for Operators at Microsoft said:
Under the agreement, Nokia will combine its mobile networks solutions such as Cloud RAN, Open RAN, Radio Intelligent Controller (RIC) and multi-access edge cloud (MEC) with the Azure Private Edge Zone which enables data processing near to the end-users which solves any latency issues. Additionally, Nokia’s 5G RAN will be integrated with Azure 4G/5G core and the two firms will investigate how the Nokia AirFrame Open Edge server can be deployed as part of a telco edge strategy.
Today’s announcement marks just the first steps of collaboration between the two companies; according to Nokia, they will also look into additional areas where they can work together including network slicing.
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