VIQ Solutions Inc.
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VIQ Solutions Inc. - overview
Established
2004
Location
Mississauga, ON, Canada
Primary Industry
Software
About
VIQ Solutions Inc. provides advanced speech-to-text transcription and recording services, streamlining documentation processes for various sectors, including legal and public safety, through innovative technology solutions. VIQ Solutions Inc. specializes in transcription technology and was founded in 2004 in Mississauga, Canada.
The company has evolved its business strategy but does not have known subsidiaries or parent companies. The current CEO is David Outhwaite. VIQ Solutions has completed 2 deals, with the most recent deal occurring on December 26, 2023, when the company secured a USD 750,000 senior secured loan from Beedie Capital. VIQ Solutions provides advanced speech-to-text transcription and recording services through integrated technology solutions that enhance workflow across various industries.
Key products include CapturePro™, MobileMic Pro™, NetScribe™, aiAssist™, and FirstDraft™, which cater primarily to sectors such as legal, law enforcement, insurance, government, corporate finance, and media. Their technology addresses the need for accurate documentation in critical environments, with deployments in over 25 countries, including the United States, Canada, Australia, and the United Kingdom. VIQ Solutions generates revenue via subscription-based models and direct service agreements with clients, primarily in the B2B sector. Clients subscribe to their software solutions, which offer features like real-time transcription and evidence management.
Custom pricing plans are based on client needs and deployment scale, supported by partnerships with key industry players and government entities requiring reliable transcription services. In December 2023, VIQ Solutions Inc. secured a USD 750,000 senior secured loan from Beedie Capital, which will be utilized for general corporate purposes. The company is focused on enhancing its product offerings and may explore new markets to expand its reach, although specific details on upcoming product launches or targeted geographic regions were not provided.
Primary Industry
Software
Sub Industries
Government, Software
Website
www.viqsolutions.com
Total Amount Raised
Subscriber access only
VIQ Solutions Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | VIQ Solutions Inc. | - | ||||||||
| Private Debt | Completed | VIQ Solutions Inc. | - |
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VIQ Solutions Inc. - employee data
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