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VIQ Solutions (VQS) Stock Soared 91.2% on the Justice AV Solns Deal

Simon Mugo trader
Updated 15 Jun 2023

The VIQ Solutions Inc (NASDAQ: VQS) stock price soared 91.2% during premarket trading after partnering with Justice AV Solutions, a global provider of court recording and AV services to courtrooms to provide automated transcripts of courtroom proceedings using AI.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. The company prides itself on being a leader in its niche. Hence, the partnership with Justice AV Solutions could be a perfect blend of two industry leaders.

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Following the collaboration, JAVS and VIQ Solutions will leverage NetScribe and FirstDraft to offer an end-to-end service for fast and accurate automated transcripts of courtroom proceedings.

VIQ Solutions said the technology uses advanced proprietary artificial intelligence (AI) algorithms to produce courtroom draft transcripts. The news comes at an excellent time for VIQ, which recently won the 2023 Fortress Cybersecurity Award for Data Protection. 

The award signals that the company has the proper infrastructure to protect the data it handles, given the sensitive nature of courtroom proceedings. The courts will have to be sure that their data is handled correctly and that there is no likelihood that unauthorised persons could access it. 

Security is the first design parameter VIQ Solutions considers when developing products and features. As organisations accelerate digital modernisation efforts, they are looking to partner with industry-leading companies that provide proof of their commitment to security standards.

VIQ’s security policies and principles are incorporated at the forefront of product development initiatives and extended throughout the software development lifecycle. VIQ leverages a risk-based approach to continuously improve security posture based on technical advancements and best practices.

Vahram Sukyas, VIQ Solutions’ Chief Technology Officer, said: “Recognition by the Business Intelligence Group highlights our commitment to delivering products and services that safeguard client data across the globe. Our security best practices are at the core of our new and forward-thinking innovations designed to safeguard data and align with regulatory requirements.”

*This is not investment advice. 

VIQ Solutions (VQS) stock price. 

The VIQ solutions (VQS) stock price soared 91.24% to trade at $0.48, from Wednesday’s closing price of $0.25. 


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading