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Add-on Acquisition • Information Technology

Nuance Solutions Acquires Saykara

On February 8, 2021, Nuance Solutions acquired information technology company Saykara

Acquisition Context
  • This is Nuance Solutions’ 5th transaction in the Information Technology sector.
  • This is Nuance Solutions’ 22nd transaction in the United States.
  • This is Nuance Solutions’ 4th transaction in Washington.

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M&A Deal Summary
Date February 8, 2021
Target Saykara
Sector Information Technology
Buyer(s) Nuance Solutions
Deal Type Add-on Acquisition

Target Company

Saykara

Seattle, Washington, United States
Saykara, Inc. focuses on developing a mobile AI assistant to automate clinical documentation for physicians. Saykara developed a platform that uses artificial intelligence (AI) to interpret conversations between physicians and patients, transform salient content into clinical notes, orders, referrals, and more, then populate both structured and narrative data directly to electronic health record systems. Saykara was founded in 2015 and is based in Seattle, Washington.
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Buyer Overview 1

Buyer

Nuance Solutions

Burlington, Massachusetts, United States
Category Company
Founded 1992
Sector Software
Employees7,100
Revenue 1.5B USD (2020)
DESCRIPTION
Nuance's corporate headquarters in Burlington, Massachusetts.
Nuance's corporate headquarters in Burlington, Massachusetts.

Nuance Solutions is a provider of speech and imaging solutions for businesses and consumers around the world. Nuance technologies, applications and services enable users calling directory assistance, getting account information, dictating patient records, telling a navigation system their destination, or digitally reproducing documents that can be shared and searched. Nuance Solutions was formed in 1992 and is based in Burlington, Massachusetts.

Deal Context for Buyer #
Overall 26 of 26
Sector: Information Technology 5 of 5
Type: Add-on Acquisition 25 of 25
State: Washington 4 of 4
Country: United States 22 of 22
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Nuance Communications - Document Imaging Division

Burlington, Massachusetts, United States

Nuance Communications, Inc. - Document Imaging Division is a provider of conversational AI- and cloud-based solutions.

Sell $400M

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