• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Nuance Selling Off SRS Business to Focus on Cloud, AI Efforts

June 25, 2019

Nuance Selling Off SRS Business to Focus on Cloud, AI Efforts

Nuance Communications has established a definitive agreement to sell off its India SRS division.

It’s part of a larger effort on Nuance’s part to divest itself of its Subscription Revenue Services business, which is focused on mobile services in emerging markets, with the company also having recently completed the sale of its Brazil SRS division. Nuance said in a statement that the sales will enable the company to focus more on “higher-growth opportunities in cloud and conversational AI”.

“These transactions are a great outcome for everyone as they enable us to exit this non-core business faster than a wind-down, while ensuring continuous support and services for our customers,” explained Nuance CEO Mark Benjamin. “We remain sharply focused on cloud-based, intelligence-driven solutions, capable of sustainable long-term revenue and earnings growth.”

Nuance has not disclosed the terms of either its Brazil SRS sale or the agreement pertaining to India SRS, but the voice biometrics and speech recognition specialist did indicate that the latter deal is expected to close in July of this year. Nuance also revised its Q3 and 2019 revenue guidances, bringing the former from a projected GAAP revenue of $451-465 million to $447-461 million, and the latter from a GAAP revenue of $1.845-1.877 billion to an anticipated $1.837-1.869 billion.

The news comes soon after Nuance’s announcement that it had hired a new head for its planned Nuance Automotive division, another strategic business maneuver aimed at long-term success.

–

June 25, 2019 – by Alex Perala

Related News

  • Nuance to Sell Document Imaging Arm, Focus on Voice and AINuance to Sell Document Imaging Arm, Focus on Voice and AI
  • Nuance Offers Faster Voice Authentication with New Lightning EngineNuance Offers Faster Voice Authentication with New Lightning Engine
  • Microsoft Completes Nuance AcquisitionMicrosoft Completes Nuance Acquisition
  • Opus Research Names Nuance as Market Leader in Fraud PreventionOpus Research Names Nuance as Market Leader in Fraud Prevention
  • Healthcare, Security and Engagement Solutions Drive Revenues in Nuance Q4 UpdateHealthcare, Security and Engagement Solutions Drive Revenues in Nuance Q4 Update
  • Nuance Provides Gatekeeper Authentication for Wings Credit UnionNuance Provides Gatekeeper Authentication for Wings Credit Union

Filed Under: News Tagged With: Biometric, biometrics, Brazil, corporate news, India, mobile services, Nuance, Nuance Communications, speech recognition, voice biometrics

Primary Sidebar

Watch This Finance-Focused On-Demand Webinar

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Prove Logo

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with, and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. https://www.prove.com/

Recent Posts

  • INTERPOL’s New Tool, a $6M Raise, and Digital ID in Europe – Identity News Digest
  • ITRC Biometric Working Group Paper Explores Face Biometrics in Identity Assurance
  • Keyless Raises $6M, Splits From Sift
  • Short Seller Accuses SenseTime of ‘Revenue Round-Tripping’
  • AWS Brings Palm-Scanning System to the Enterprise

Biometric Associations

IBIA and fido

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics