Monday, April 26, 2021

Microsoft’s Nuance deal might trigger a new IT spending wave

OK, help me understand this. Microsoft just spent almost $20 billion to buy Nuance, the company that supplies the popular Dragon speech-to-text tool. Microsoft already has speech-to-text available in Windows 10 and through Azure, and even a partnership with Nuance. Nuance’s single big jump in stock price in its history coincides with Covid and WFH, which is now (hopefully) passing. Nuance revenue boom? Apparently, ending. The Dragon product? Incremental to Microsoft’s current position. Health care vertical? Interesting, but not a cash cow.

To read this article in full, please click here

Thanks to Tom Nolle (see source)

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