VIQ Solutions Inc. VQSSF

What this company does

VIQ Solutions combines artificial intelligence (AI)-driven voice and video capture technology and services to securely manage digital content in the most rigid security environments including governments, courts, insurance, law enforcement, media content, news and conferencing. VIQ operates worldwide with a network of partners including security integrators, audio-video specialists, and hardware and data storage suppliers. The Company's revenue is strategically segmented both by geography and industry markets, with approximately 38% of its recent revenue from the United States, 57% from Australia and a growing 5% from Canada, Europe and Africa. VIQ delivers its products and services to clients primarily through a network of resellers and integrators, as well as through direct sales, offering a variety of deployment methodologies and business models to meet customer demand including software, SaaS and managed services. VIQ is transitioning its technology services offerings towards a SaaS revenue model, in which clients are charged recurring monthly and/or quarterly fees based on a number of variables. VIQ holds three patents on technology, has one patent-pending and one patent application work in progress.

Written from the business description in VIQ Solutions Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 April 2023. Every sentence was checked against that document before publication.