VIQ Solutions Acquires The Transcription Agency

October 5, 2021

VIQ Solutions Inc. acquired The Transcription Agency (TTA), a UK-based outsourced transcription provider, to support a new multi-year contract and expand its localized services in the United Kingdom. The purchase price was approximately US$1.7 million (US$0.85 million paid in cash on closing and US$0.85 million deferred), and the deal enables VIQ to combine TTA's local transcription capabilities with its AI-enabled platforms like NetScribe and FirstDraft.

Buyers
VIQ Solutions Inc.
Targets
The Transcription Agency
Location
United Kingdom
Transaction Type
Buyout

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