Nuance Communications (NASDAQ:NUAN) Launch Power PDF, To Consider Strategic Options For Automotive Business

Nuance Communications (NASDAQ:NUAN) has announced the launch of Nuance Power PDF which will be immediately available to the netizens worldwide for the first time. The subscription is being offered through the largest e-commerce platform for cloud services, Ingram Micro Cloud Marketplace. The company is also planning to sell its complete or part of the automotive business.

Nuance Communications recently launched Power PDF with a perpetual license offering. According to the vice president of Global Cloud Product Marketplace, Ingram Micro, Tarik Faouzi, this world-class solution from the company gives more depth to the unparalleled ecosystem of cloud services that are currently available to the partners of Ingram Micro Channel. Faouzi said that Nuance Power PDF is a welcome addition to the Ingram Micro Cloud Marketplace.

The Power PDF from Nuance is comparatively more unique from the other products available on the Cloud Marketplace. The company has used the cloudification technology for transforming the traditional software license model of Nuance for this particular product to make it a subscription-based cloud solution. That is why the Power PDF can be offered in different consumption models according to the demand of the customers.

Nuance May Sell Part Or All Of Its Business

According to a report, the speech and imaging technology company is currently considering different options for its automotive business and one of the options is to sell part or all of its business. The company is currently working on the details with investment bank Evercore Inc (NYSE:EVR). The details are yet to be made public.

Trade analysts say that the company is currently holding talks with private equity firms and could receive the maximum amount of around $1.5 billion if the sale takes place. As of now, no deal has been made and there is a strong possibility that Nuance might simply drop the idea of selling its automotive business.

The share market report looked positive for Nuance as its shares rose to around 3.2 % and were up 2.1% to $17.47 in New York trading.

 

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David Barry

David Barry

Barry is a senior journalist at Us Markets Daily. He reports, shoots and edits many of his own stories by himself.