Microsoft announced on Monday that it has agreed to acquire Burlington-based artificial intelligence and technology company Nuance Communications in an all-cash deal valued at $19.7 billion, including Nuance’s net debt.
Microsoft said the deal represents its push into industry-specific cloud offerings, such as its software for health care providers, which it introduced last year. The deal is Microsoft’s second-largest acquisition, behind its purchase of LinkedIn, the professional networking platform it bought in 2016 in a deal worth more than $26 billion.
