Dubber Acquires AI Provider Notiv

Dubber has acquired Notiv, ;a developer of cloud-native artificial intelligence-based products that turn meetings into transcribed notes, summaries, signals, actions, and more, for roughly $4.8 million. The deal strengthens Dubber's capabilities in real-time transcription, conversational AI, digital signal processing, and natural language processing.

"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 toward achieving this in that it has clear and defined use cases for everyone, from individuals to the largest of enterprises. 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," said Steve McGovern, CEO of Dubber, in a statement.

"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. 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. We are confident that the combination of Dubber and Notiv will deliver incredible value to customers, businesses, and our fellow shareholders alike," said Chris Raethke, co-founder and CEO of Notiv, in a statement.