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Cerence Inc. is a provider of artificial intelligence (AI)-powered assistants for connected and autonomous vehicles. The Company is primarily engaged in selling software licenses and cloud-connected services. Its software platform is used to build virtual assistants that can communicate, find information and take action across an expanding variety of categories. Its software platform has a hybrid architecture combining software components with cloud-connected components. Edge software components are installed on a vehicle head unit and can operate without access to external networks and information. Its cloud-connected components include various speech and natural language understanding-related technologies, AI-enabled personalization and context-based response frameworks, and a content integration platform. It delivers its solutions on a white-label basis, enabling its customers to deliver customized virtual assistants with branded personalities.
Number of employees : 1 700 people.
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| 2021 | 2022 | Delta | License | 202.18 | 52.2% | 158.61 | 48.4% | -21.55% |
Connected Services | 109.53 | 28.3% | 85.57 | 26.1% | -21.88% |
Professional Services | 75.47 | 19.5% | 83.71 | 25.5% | +10.93% |
USD in Million |
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| 2021 | 2022 | Delta | United States | 135.03 | 34.9% | 100.56 | 30.7% | -25.53% |
Germany | 114.94 | 29.7% | 74.55 | 22.7% | -35.14% |
Japan | 62.84 | 16.2% | 74.48 | 22.7% | +18.52% |
Other Asia-Pacific | 44.23 | 11.4% | 62.62 | 19.1% | +41.56% |
Other Europe, Middle East and Africa | 29.96 | 7.7% | 15.58 | 4.8% | -48.01% |
Other Americas | 0.18 | - | 0.10 | - | -43.43% |
USD in Million |
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| Vote  | Quantity | Free-Float | Company-owned shares | Total Float |
Stock A |
1 |
40,017,601 |
39,216,762 |
98.0% |
0 |
0.0% |
98.0% |
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Name | Equities | % | The Vanguard Group, Inc. | 4,444,974 |
11.1% | Franklin Advisers, Inc. | 1,574,695 |
3.94% | SSgA Funds Management, Inc. | 1,445,907 |
3.62% | Vulcan Value Partners LLC | 1,278,482 |
3.20% | Cooper Creek Partners Management LLC | 1,254,762 |
3.14% | Van Berkom & Associates, Inc. | 1,164,259 |
2.91% | Champlain Investment Partners LLC | 1,130,570 |
2.83% | BlackRock Fund Advisors | 1,013,429 |
2.54% | Select Equity Group LP | 960,149 |
2.40% | RGM Capital LLC | 805,597 |
2.02% |
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Connections : Cerence Inc.
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