VIQ Solutions completes strategic review, refocuses on operations

VIQ Solutions Inc., based in Mississauga, Ontario, has completed its strategic review process. The company, which specializes in AI-driven voice and video capture technology, made this announcement on March 20, 2025. The review began on February 3, 2025, and was managed by a special committee of the board with help from legal and financial advisors. After evaluating various proposals, the committee concluded that the best option for maximizing shareholder value is to continue with the company’s existing business strategy. This decision is supported by positive developments in 2024 and anticipated improvements in 2025. Moving forward, VIQ Solutions aims to enhance operational efficiency and expand profit margins through automation. The company also emphasizes disciplined cost management while growing its global technology platform. The management appreciates the ongoing support from shareholders as it pursues these strategic goals. In related news, David Sharma, a board member and part of the special committee, has resigned from the board effective March 20, 2025. He joined the board in September 2024 and contributed significantly during the review process. VIQ Solutions provides a comprehensive technology platform, used in various sectors such as criminal justice and legal services. The company focuses on transforming how content is captured and utilized, ensuring security and efficiency.