For The Record (FTR) to sell Auscript division to VIQ SolutionsClair Borg
For The Record (FTR Ltd.), leader in digital court recording technology, today announced that it has entered into an agreement to sell its Australian transcription services business, Auscript Australasia Pty Ltd 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 as to 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.”
Both Auscript and VIQ have extensive histories servicing the Australian market, representing over 140 years of continuous service and expertise to the Australian justice community.
“Bringing together these two leading transcription service providers will further enhance access to justice throughout Australia,” added Mr Douglass.
“The sale will enable For The Record to concentrate our strategic focus on continuing to develop innovative technological solutions for jurisdictions around the world. 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 CEO.
“We chose VIQ because we know the retention of our employees will result in outstanding continued quality in service delivery. We look forward to working with them in the coming weeks to finalise this transaction,” added Mr Rose.
Vice President – Customer Advocacy
For The Record
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