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General

Nuance to spin off Automotive ops

Tuesday 20 November 2018 | 09:04 CET | News
Nuance Communications is planning to spin off its Automotive operations. Nuance Auto will be an independent, publicly traded pure-play, next-generation automotive software company, focused on developing its conversational AI platform. Nuance recently sold its Document Imaging division so that it could focus on AI and the cloud. This latest spin-off will see it narrow its focus even further, into core growth opportunities in Healthcare and Enterprise. The spin-off should complete before the end of fiscal 2019. Nuance shareholders will then own shares in both the new and old company.

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Categories: General
Companies: Nuance Communications
Countries: World
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