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
- Industry
- Professional Services
- Location
- United Kingdom
- Transaction Type
- Buyout
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