Appointment accelerates adoption of VIQ’s AI technology aiAssistTM and software-as-a-service (SaaS) offerings for key markets.
VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX Venture: VQS), a global expert providing a cyber-secure AI technology and service platform to unlock the value of its customers enterprise digital media and evidence, is pleased to announce the appointment of Susan Sumner, a highly experienced international executive, as Chief Operating Officer.
“Susan brings extensive experience in operations, process and technology having held executive leadership positions within one of the largest providers of natural language processing document solutions, serving the medical industry,” said Sebastien Paré, President and CEO of VIQ. “Susan’s combination of experience and leadership provides a key capability for delivering on our AI technology focus.”
As Chief Operating Officer, Mrs. Sumner’s primary mandate is to build a world-class operational infrastructure to ensure quality and scale to support rapid revenue growth and to deploy core technologies capable of adapting to global market requirements building off of VIQ’s innovative AI technology platform aiAssistTM.
Aggressively focusing on this operational foundation ensures VIQ’s customers a simple to use, highly accurate machine-generated digital transcript draft service will accelerate the uptake of VIQ’s AI technology within the voice-to-text markets, greatly increase revenue and position it to develop further purpose-built AI innovations for its key global markets. These strategies align well with increasing software-as-a-service (SaaS) offerings that VIQ is delivering to reduce upfront customer costs.
With over 30 years in executive leadership and operations management roles in Fortune 500 companies, Ms. Sumner has successfully combined several middle-market operating companies in the medical transcription space generating a successful exit for capital providers. Prior to joining VIQ Solutions, Ms. Sumner was Vice President of Nuance Corporations Healthcare ambulatory division where she oversaw the acquisition and integration of multiple transcription and IT platform businesses.
“I am excited and energized to join the VIQ team at this critical time as we accelerate the deployment of the core technologies and invest in delivering on our global brand. I am driven by the opportunity to preserve what is great in this industry but to utilize innovative technologies to redefine all that we can deliver to our customers and partners,” said Susan Sumner.
Company also announced that on September 4, 2018, it granted 1,200,000 stock options to executives of the Company.
The options were granted in accordance with the Company’s stock option plan and have an exercise price of $0.145 per share, with a five-year term, vesting one third on the grant date, one third on the first anniversary of the grant date and one third on the second anniversary of the grant date
VIQ Solutions is a global expert in video and voice-to-text capture, providing a cyber-secure AI technology and service platform to law enforcement, immigration, medical, legal, insurance, courts, and transcription service providers, enabling them to unlock the value of its customers enterprise digital media and streamline their document-creation workflow using artificial intelligence tools for measurable business gains.