|Bid||0.0160 x 0|
|Ask||0.0180 x 0|
|Day's Range||0.0160 - 0.0160|
|52 Week Range||0.0130 - 0.0290|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
If you want to know who really controls Latitude Consolidated Limited (ASX:LCD), then you'll have to look at the makeup of its share registry. Institutions will often hold stock in Read More...
Robotic process automation software provider Kofax Inc. announced on Monday, Nov. 12, that it has agreed to buy Nuance Document Imaging, a division of Nuance Communications Inc. NUAN, for $400 million in cash. The deal, which is expected to be completed by the end of the first quarter of 2019, will enhance Kofax's offerings in cloud compatibility, scan-to-archive, scan-to-workflow, print management and document security, the companies said in a statement. Kofax, itself acquired by private-equity firm Thoma Bravo for $1.5 billion last year, continues to build up its Robotic Process Automation business - the area of enterprise IT services that uses machine learning, computer vision and other AI-based tools to automate back-office tasks.
Some consolidation and subsequent divestment are in play in the worlds of imaging and voice recognition. Today, Kofax and Nuance announced that Kofax would be acquiring Nuance's imaging division, for $400 million in cash. The acquisition is a notable move for Kofax -- itself acquired by Thoma Bravo last year in a $1.5 billion deal -- as it continues to build up its business in Robotic Process Automation (RPA), the area of enterprise IT services that uses machine learning, computer vision and other AI-based tools to bring automation to repetitive or mundane back-office tasks that would have in the past been done by humans.
Speech-recognition software provider Nuance Communications Inc is nearing a deal to sell its imaging division to Kofax, a company owned by private equity firm Thoma Bravo LLC, for about $500 million, people familiar with the matter said on Sunday. It is the first major move by Mark Benjamin, who took over as Nuance's CEO in March. Nuance, Thoma Bravo and Kofax could not be reached for comment.