M&A Deal Summary

Verbit Acquires CaptionSync

On December 14, 2021, Verbit acquired software company CaptionSync

Acquisition Highlights
  • This is Verbit’s 1st transaction in the Software sector.
  • This is Verbit’s 2nd transaction in the United States.
  • This is Verbit’s 1st transaction in Wyoming.

M&A Deal Summary
Date 2021-12-14
Target CaptionSync
Sector Software
Buyer(s) Verbit
Deal Type Add-on Acquisition

Target

CaptionSync

Cheyenne, Wyoming, United States
CaptionSync is providing closed captioning services producing more than 5 million caption files for over 6,000 customers. leverages smart automation and professional transcribers and describers to power its CaptionSync video accessibility services. CaptionSync is based in Cheyenne, Wyoming.

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Buyer(S) 1

Buyer

Verbit

Tel Aviv, Israel
Category Company
Founded 2016
Sector Software
DESCRIPTION

Verbit is a provider of interactive transcription and captioning solutions. Verbit utilizes in-house, AI-based technology to transform both live and recorded video and audio into +99% accurate captions and transcripts for the education, legal, media, and enterprise industries. The combination of Verbit’s in-house Automated Speech Recognition (ASR) technology and human transcribers offers high-quality, word-for-word, interactive, and collaborative transcripts and captions. Verbit’s customizable solution helps customers meet ADA, FCC, and privacy compliance requirements to increase operational capacity, accessibility and serve customers and students. Verbit was founded in 2016 and is based in Tel Aviv, Isreal.

DEAL STATS #
Overall 2 of 5
Sector (Software) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Wyoming) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 VITAC

Canonsburg, Pennsylvania, United States

VITAC is a provider of closed captioning and other accessible media services. VITAC provides live and prerecorded captioning solutions in English and Spanish, video description, and digital media services for broadcast networks, cable TV, online video, and teleconferences worldwide. VITAC was founded in 1986 and is based in Canonsburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Take Note

London, United Kingdom

Take Note is a secure transcription service provider. The Company offers customers access to its 600 elite transcribers who are all based in the UK and specialize in the market research industry’s needs. Take Note was founded in 2006 and is based in London, England.

Buy -
Mergr

Product

Company

Legal