Nuance Communications, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Mark Benjamin
- Full Time Employees
- 6,900
- Sector
- Technology
- Industry
- Software - Application
- Address
- 1 Wayside Rd Burlington MA United States of America 01803
- IPO Date
- Dec 11, 1995
- CIK
- 0001002517
- Website
- nuance.com
- Similar Companies
- Business
- Nuance Communications, Inc. is a leading technology company specializing in conversational artificial intelligence (AI) and speech recognition software. The company offers a comprehensive portfolio of products and services segmented primarily into healthcare, mobile, enterprise, and imaging solutions. Its healthcare offerings include clinical documentation solutions, transcription services, Dragon Medical dictation software, clinical document improvement, coding solutions, and diagnostic tools for radiologists. In the mobile segment, Nuance provides automotive virtual assistants and connected car services, along with device solutions integrating voice recognition and keyboards for IoT devices. The enterprise segment focuses on automated customer service solutions including speech recognition, voice biometrics, and on-demand multichannel cloud platforms. Imaging products address document and information process management for compliance and workflow efficiency. Founded in 1992 and headquartered in Burlington, Massachusetts, Nuance operates globally with a strong presence in the US healthcare market as well as expanding across various enterprise and device sectors. In March 2022, Nuance Communications was acquired by Microsoft Corporation in a $19.7 billion all-cash transaction, integrating its conversational AI and ambient intelligence solutions with Microsoft's cloud ecosystem to drive industry-specific cloud strategies, notably in healthcare and enterprise AI. Since the acquisition, Nuance has launched advanced AI solutions such as the Dragon Ambient eXperience (DAX) Copilot integrated with major healthcare platforms like Epic and MEDITECH, enhancing automated clinical documentation and workflow efficiency for healthcare providers. The company also expanded its healthcare AI reach through partnerships, including a recent acquisition of SaaS medical imaging provider Accelarad in early 2023, and integration into platforms like athenahealth’s Marketplace to broaden physician access. Nuance continues to innovate with cloud-based subscription models, advancing virtual assistants, voice biometrics, and AI-driven customer service solutions across industries. The company remains led by CEO Mark Benjamin and operates as a strategic subsidiary of Microsoft in driving AI transformation for healthcare, financial services, telecommunications, retail, and automotive sectors. Recent operational focus includes enhanced cloud integrations, expansion of AI-driven services, and continuing development of ambient clinical AI technologies.
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