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Nuance Communications will sell its document imaging division to automation software provider Kofax, which plans to use the newly acquired services, such as capture capability on multi-function printers, to expand into the legal marketplace.
December 14, 2018 at 09:15 AM
1 minute read
Nuance Communications has agreed to sell its Document Imaging division to automation software provider Kofax in a deal that is expected to be finalized sometime near the end of Nuance’s second fiscal quarter early in the spring of 2019.
The move comes as Nuance looks to streamline its operations and focus exclusively on its conversational AI and cloud-based products, a transitional process that began last spring with the hiring of new CEO Mark Benjamin.
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