Verbit Acquires U.S. Captioning
Verbit, a provider of voice artificial intelligence transcription and captioning solutions, has acquired U.S. Captioning to further its media vertical expansion. Financial terms of the deal were not disclosed.</p/>
U.S. Captioning provides real-time and post-production TV closed captioning services.
"The addition of U.S. Captioning and its national TV station customers into the Verbit fold advances us as the essential partner to deliver on every captioning and transcription need of the media and entertainment industry,"said Tom Livne, CEO and founder of Verbit, in a statement. "I'm excited to continue consolidating the fragmented transcription market through this latest global expansion effort."
"We're thrilled to join forces with Verbit and add our loyal customers, professional experience, and capabilities to its broad portfolio of captioning and transcription offerings," said Beth Aschenbrenner, president and CEO of U.S. Captioning, in a statement. "We'll also now have access to the Verbit Company's highly accurate technologies and capabilities, which our customers will greatly benefit from as well."
This announcement follows Verbit's recent acquisitions of VITAC, Automatic Sync Technologies (AST), and Take Note.