Net Transcripts, the law enforcement transcription services branch of VIQ Solutions, has generated 83 new, strategically-located clients since the company was acquired in November, 2018. New and renewing contracts from major agencies across the United States will yield an annual $500K (USD) in recurring revenue and cover 14,300 sworn law enforcement officers who serve 15.1 million residents. This success strengthens Net Transcripts’ regional market dominance, market presence and secures valuable references for new sales opportunities.
The evidentiary data capture and transcription industry is at a significant inflection point. Explosive growth in the amount, and types, of information being captured is unrelenting. New threats to information privacy and security appear weekly. Advancements within artificial intelligence (AI) and machine learning (ML), create the perfect opportunity to employ enhanced technologies and an experienced services team to drive a new standard in the industry.