Tagged NUAN

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NUAN to Spin Off Auto Unit

BURLINGTON, Mass., Nov. 19, 2018 (GLOBE NEWSWIRE) — Nuance Communications, Inc. (NASDAQ: NUAN) today announced its intention to spin off its Automotive business segment into a new, independent, publicly traded company (“Nuance Auto”). The standalone entity will be a pure-play, next-generation automotive software company.  Immediately following the transaction, which is expected to be completed before…

Nuance-Transcend Deal’s Valuation Implication on MModal

Nuance Communication announced this morning that it is acquiring Transcend for $300 million in cash.  Following are the acquisition metrics: TRCR 2011 2012E Revenue 125 144 EBITDA 28 29 Price/Rev 2.4 2.1 Price/EBITDA 10.7 10.3 After this transaction closes, the only remaining pure-play in the healthcare transcription service sector will be MModal, a company which…