Ai-Media Acquires US ASL Interpreting and Captioning Provider Alternative Communications Services (ACS)

May 11, 2020

Australia-based captioning and translation provider Ai-Media acquired US-based ASL interpreting and captioning company Alternative Communications Services (ACS) on May 11, 2020. Ai-Media used proceeds from a recent AUD 10.3m funding round (which included investors such as CVC Emerging Companies Fund and Anzu Partners) to fund the purchase; the parties did not disclose the transaction price. The deal is intended to accelerate Ai-Media's expansion in North America and broaden its live captioning and interpretation capabilities.

Buyers
Ai-Media
Targets
Alternative Communications Services (ACS)
Location
Illinois, United States
Transaction Type
Buyout

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