VIQ Solutions Accelerates M&A Strategy with Fifth Accretive Acquisition of a Leading U.S. Documentation Transcription Solution Provider
Summary
PHOENIX, Ariz.--(BUSINESS WIRE)--VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX Venture Exchange: VQS and OTCQX Markets: VQSLF), a global provider of secure, AI-driven, digital voice and video capture technology and services, today announced acquisition of a leading US transcription provider, wordZXpressed, Inc. (“WordZ”) of Atlanta, Georgia, VIQ’s fifth accretive acquisition in 14 months. VIQ will host an investor conference call on Wednesday March 4 at 4:00 PM ET to discuss the recent strategic acquisitions, organic sales growth, and 2020 financial outlook. The WordZ acquisition will have a positive impact among Fortune 500 clients in the insurance industry, one of our core verticals, and add to our 2020 operating income and net earnings,” said Sebastien Paré, President and CEO, VIQ Solutions. “We are very excited to partner with a global leader that brings together advanced technology and outstanding quality in both service delivery and the favorable outcomes customers experience with VIQ. Growth rate with net new customers and renewals confirm VIQ is clearly hitting the mark,” said Joel Turry, President, wordZXpressed, Inc. “Joining VIQ enables us to fast-track additional new technology and operational improvements to significantly increase our market penetration, create operational efficiencies, accelerate growth and further differentiate wordZXpressed from other transcription providers.