Verbit’s Acquisition of VITAC

Fasken acted as Canadian legal counsel to Verbit in connection with this acquisition.

On May 11, 2021, Verbit Inc., an internet company that specializes in combining human and artificial intelligence to provide transcription and captioning solutions, completed the acquisition of VITAC, the largest provider of captioning products and solutions in North America. 

This acquisition will position Verbit as the number one player in the professional transcription and captioning market across legal, media, education, government and corporate sector.

Verbit is the world’s leading interactive transcription and captioning solution. It utilizes in-house, AI-based technology to transform both live and recorded video and audio into +99% accurate captions and transcripts for the education, legal, media, and enterprise industries.

VITAC is the largest provider captioning products and services in the United States.

The Fasken team comprised of Brad Freelan (Picture), Neil Kravitz, Oleg Stratiev, Rhonda Grintuch, Laura Fabi, and Florence Longval. 

Involved fees earner: Bradley Freelan – Fasken Martineau; Rhonda Grintuch – Fasken Martineau; Neil Kravitz – Fasken Martineau; Oleg Stratiev – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Verbit Inc.;

Martina Bellini

Author: Martina Bellini