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- Call recording and voice intelligence company Dubber (DUB) acquires Australia-based technology group Notiv
- Notiv is a developer of artificial intelligence (AI)-based products that transcribe meetings into notes, summaries, signals and actions
- This acquisition strengthens Dubber’s services and current product offerings as well as broadens its conversational intelligence offerings
- Total consideration for the purchase was roughly $6.6 million which will be paid via cash and the issue of shares
- Shares in Dubber are up 1.49 per cent on the market and are trading at $4.09 at 10:26 am AEST
Call recording and voice intelligence company Dubber (DUB) has acquired Australia-based technology group Notiv.
Notiv is a developer of artificial intelligence (AI)-based products that transcribe meetings into notes, summaries, signals and actions.
This acquisition strengthens Dubber’s services and current product offerings as well as broadens its conversational intelligence offerings.
Notiv Co-Founder and CEO Chris Raethke commented on the acquisition.
“The Notiv team is exceptionally proud of the technology we have developed. The ability to roll out Notiv globally with the world’s leading service providers is an unmissable opportunity,” Mr Raethke said.
“The chance to join the Dubber growth journey at this time and expand Dubber’s AI and NLP capabilities is exciting for all of us.”
Total consideration for the purchase was roughly $6.6 million with $5.15 million paid upon completion of the acquisition.
The balance will be paid through the issue of 386,277 Dubber fully-paid ordinary shares issued at $3.75.
Dubber CEO Steve McGovern is excited to be acquiring Notiv.
“One of our fundamental beliefs is that artificial intelligence has a part to play as a standard feature of every call and conversation. Notiv is a significant step towards achieving this in that it has clear and defined use cases for everyone from individuals to the largest of enterprises,” Mr McGovern commented.
“With Notiv, Dubber will now have the ability to automatically take notes and create action items on every call. We are confident that our telecommunications carrier and service provider partners will see enormous potential for revenue-generating value-added services for their customers at scale.”
Shares in Dubber were up 1.49 per cent on the market and were trading at $4.09 at 10:26 am AEST.
