The acquisition expands Verbit's post- production transcription capacity for media customers and furthers the company's global expansion efforts
NEW YORK, July 28, 2022 /PRNewswire-PRWeb/ -- Verbit, a leading provider of voice AI transcription and captioning solutions, announced today it has acquired Take 1, a leader in transcription, access and localization services for the media and entertainment sector, headquartered in the UK. The deal bolsters Verbit's growing presence in Europe following its acquisition of UK market research specialist Take Note in March.
Since 1998, Take 1 has been helping global media brands such as ITV America, NPR and Warner Bros. Discovery reach wider audiences through its comprehensive portfolio of services. The company specializes in start-to-finish transcription and captioning services for video content, from the time the first scene is filmed to the final release on air. Take 1 is also the trusted provider of localization and access services to the media and entertainment industry. It has an established presence in the OTT market in both the US and UK, with nearly half of its customers providing content to streaming platforms, in all languages.
Verbit's current customers will benefit from Take 1's well-established industry expertise particularly in unscripted production workflows, OFCOM and FCC compliance and multi-language audio descriptions. The acquisition will also enhance its performance and delivery of UK English language requests.
"The addition of Take 1 advances Verbit as the leading partner to deliver on every media access need including captioning, transcription and audio description," said Tom Livne, CEO and Founder of Verbit. "I'm excited to provide enhanced service designed to meet our joint customers' growing post-production needs, while investing more in the UK and European regions."
"We're thrilled to be joining the Verbit family and adding our specialized teams and technologies into the fold," said Louise Tapia, CEO of Take 1. "With the support of Verbit's international footprint, proven capabilities and world-leading technologies, we will be able to expand and enhance our services to provide all clients with a unique end-to-end offering."
Take 1 Founder, Dom Bourne added, "this is such an exciting new chapter in the Take 1 story and a very proud moment for me personally. Our secret to success, since starting the company in 1998, has always been to evolve according to the industry's needs. With Verbit, we can look forward to continuing to do this by offering new services like live captioning, powered by Verbit's AI solutions. I can't wait to see what the future holds."
This announcement follows Verbit's recent acquisitions of VITAC, Automatic Sync Technologies (AST), US Captioning and Take Note. Each acquisition has promoted Verbit's ability to meet the unique needs of its customers in the media, education, corporate and government verticals. Verbit will continue to expand through new acquisitions, as well as strategic investments in thriving industries that offer opportunities for sustainable growth.
Alison Smith, Verbit, 1 7035054799, [email protected]