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Cerence Inc. is focused on developing automotive cognitive assistance solutions. The Company provides artificial intelligence (AI)-powered assistants for connected and autonomous vehicles, including software platforms for building automotive virtual assistants. Its platform uses speech recognition, natural language understanding, speech signal enhancement and acoustic modeling technology. Automotive virtual assistants developed with the Company’s platform enables a range of modes of human-vehicle interaction, including speech, touch, handwriting, gaze tracking and gesture recognition, and supports the integration of third-party virtual assistants into the in-vehicle experience. Its software platform’s edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. It also offers professional services, such as personalization of grammar and natural language understanding development.
Number of employees : 1 500 people.
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| 2019 | 2020 | Delta | | USD (in Million) | % | USD (in Million) | % | | License | 172.38 | 56.8% | 164.27 | 49.8% | -4.71% | | Connected Services | 78.69 | 25.9% | 96.15 | 29.2% | +22.19% | | Professional Services | 52.25 | 17.2% | 69.23 | 21% | +32.51% |
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| 2019 | 2020 | Delta | | USD (in Million) | % | USD (in Million) | % | | United States | 131.88 | 43.5% | 128.38 | 38.9% | -2.65% | | Germany | 78.26 | 25.8% | 100.67 | 30.5% | +28.64% | | Japan | 44.47 | 14.7% | 50.94 | 15.5% | +14.53% | | Other Europe, Middle East and Africa | 20.48 | 6.8% | 25.39 | 7.7% | +24.01% | | Other Asia-Pacific | 27.19 | 9% | 24.25 | 7.4% | -10.82% | | Other Americas | 1.04 | 0.3% | 0.016 | 0% | -98.47% |
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| Vote  | Quantity | Free-Float | Company-owned shares | Total Float |
| Stock A |
1 |
37,684,568 |
37,453,180 |
99.4% |
0 |
0.0% |
99.4% |
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| Name | Equities | % | | The Vanguard Group, Inc. | 3,083,168 |
8.18% | | ClearBridge Investments LLC | 2,578,322 |
6.84% | | First Trust Advisors LP | 1,804,032 |
4.79% | | Isomer Partners LP | 1,270,000 |
3.37% | | Fidelity Management & Research Co. LLC | 1,196,972 |
3.18% | | Silvercrest Asset Management Group LLC | 1,092,944 |
2.90% | | BlackRock Fund Advisors | 1,044,230 |
2.77% | | PRIMECAP Management Co. | 864,088 |
2.29% | | Fred Alger Management LLC | 820,856 |
2.18% | | GW&K Investment Management LLC | 812,554 |
2.16% |
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| Company contact information |
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Connections : Cerence Inc. |
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