Nuance Auto

History

2018: Creation of the company

On November 19, 2018 Nuance Communications announced department of division of automobile technologies in the new public company. Thanks to this Nuance will be able to focus on products for corporate clients and health care and also to give to the automobile direction more opportunities for development of the dialogue AI platform.

Nuance offers car makers the software integrated with the information and entertaining systems which implements functions of voice assistants in vehicles. This software can recognize voice commands, including the natural speech, for, for example, set and sending the text message in salon of a car, search of the right places in the navigator or obtaining information on traffic congestion on a route.

Nuance separated business on development of automobile software in the new company

Nuance earned about $279 million in 2018 financial year from these products which by November, 2018 are used more than in 200 million cars that is 7% more than rather previous year. The profit margin in this business made 37%. Audi, BMW, Daimler, Ford, General Motors (GM), Hyundai, SAIC and Toyota are among clients.

According to the carried-out organization all assets connected with technologies for machines are transferred to new company Nuance Auto. Its shares will be placed on the exchange, however terms of the IPO are not called.

Nuance intends to choose an independent command of heads for Nuance Auto and to nominate the representatives in Board of Directors of this company. The headquarters of Nuance Auto will be substituted in Boston, there will also be offices in Montreal, Aachen and some other places.

It is noted that Nuance Auto will become the "net" software company which will focus on automobile software of new generation and development of the dialogue AI platform, in particular. A part of securities of the new company will belong to shareholders of Nuance.^[1]

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