M&A Deal Summary

Ai-Media Acquires EEG

On April 28, 2021, Ai-Media acquired media company EEG

Acquisition Highlights
  • This is Ai-Media’s 1st transaction in the Media sector.
  • This is Ai-Media’s 2nd transaction in the United States.
  • This is Ai-Media’s 1st transaction in New York.

M&A Deal Summary

Date 2021-04-28
Target EEG
Sector Media
Buyer(s) Ai-Media
Deal Type Add-on Acquisition

Target

EEG

Farmingdale, New York, United States
EEG is a video and captioning technology company. Its business focuses on innovative cloud workflow products for closed captioning, accessibility, and metadata processing applications. EEG was formed in 1981 and is based in Farmingdale, New York.

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Buyer(S) 1

Buyer

Ai-Media

North Sydney, Australia

Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

Formed in 2003, Ai-Media is a global provider of technology-enabled live and recorded captioning, transcription and translation services. The company's unique technology platform combines artificial intelligence and human expertise to deliver market-leading speech-to-text accuracy. The company is the biggest captioning provider in the Australian market, with clients including major free-to-air and pay television networks, and has a growing international footprint, with offices in the US, UK, Canada, and Singapore. Globally, it provides captioning for more than 2 million minutes of live and recorded media content and online events and web streams every month.


DEAL STATS #
Overall 2 of 2
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-11 Alternative Communication Services

Chicago, Illinois, United States

Alternative Communication Services LLC is a provider of voice-to-text captioning and sign language services to customers in North America including Dow Jones, Verizon, the US Federal Reserve, and the Detroit Lions. ACS was formed in 2007 and is based in Chicago, Illinois.

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