M&A Deal Summary

VIQ Solutions Acquires Auscript

On October 12, 2021, VIQ Solutions acquired business services company Auscript for 8M USD

Acquisition Highlights
  • This is VIQ Solutions’ 1st transaction in the Business Services sector.
  • This is VIQ Solutions’ largest (disclosed) transaction.
  • This is VIQ Solutions’ 1st transaction in Australia.

M&A Deal Summary
Date 2021-10-12
Target Auscript
Sector Business Services
Buyer(s) VIQ Solutions
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

Auscript

Brisbane, Australia
Auscript is a provider of secure recording and transcription services for courts and law firms throughout Australia. Auscript delivers approximately 2.3 million pages of transcript annually and records more than 200,000 hours of court proceedings per year across more than 450 courtrooms. Auscript was founded in 1921 and is based in Brisbane, Australia.

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Buyer(S) 1

Buyer

VIQ Solutions

Mississauga, Ontario, Canada
Category Company
Founded 2004
Sector Information Technology
Employees334
Revenue 46M USD (2022)
DESCRIPTION

VIQ Solutions is a global technology platform for ultra-secure digital evidence capture and document-creation workflow management, with artificial intelligence tools for advanced analytics. VIQ provides progressive, 360° document creation solutions in these core verticals. The modular software allows customers to onboard the VIQ platform at any stage of their organization’s digitization, from digital content capture with video and audio devices to online collaboration, mobility, data analytics, and integration with sensors, facial recognition, speech recognition, and case management or patient record systems. VIQ Solutions was founded in 2004 and is based in Mississauga, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal