For The Record (FTR Ltd.), leader in digital court recording technology, today announced that its affiliate, Auscript Australasia Pty Ltd (Auscript) has entered into an agreement to sell substantially all of its assets to global technology company, VIQ Solutions Inc. (TSX and NASDAQ: VQS).
The proposed transaction is expected to close in the fourth quarter of 2021, subject to the satisfaction of regulatory approvals and other customary closing conditions.
VIQ is a global provider of secure, AI-driven digital voice and video technology and transcription services and shares Auscript’s vision for enhancing access to justice.
For The Record President, Tony Douglass said, “We are delighted to be announcing this transaction today, which is the result of careful consideration by the Board of For The Record how best to enable Auscript to grow to the next stage of its development, having served the Australian justice system for more than 100 years.”
“At the same time, this sale will enable For The Record to concentrate our strategic focus on continuing to develop innovative technological solutions for jurisdictions globally. This is driven by our mission to elevate the court record by providing digital recording solutions that transform and enhance accuracy, transparency, security, and accessibility,” said Michael Rose, For The Record’s CEO.
“We look forward to working closely with VIQ in the coming weeks to finalizing this transaction,” added Mr Rose.
Vice President – Customer Advocacy
For The Record
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