Amsterdam had been serving as the interim CEO since February and previously held the roles of Chief Operating Officer and President since 2022.

Endorsement from the Board

According to Rob Schwartz, Managing Partner of Third Point Ventures and a board member at Verbit, “Yair demonstrated his operational expertise and discipline as Verbit’s COO/President over the last few years. Since he stepped up as interim CEO in 1Q24, the Board has come to realize that Yair is a capable CEO and far more than just a business operator. He has a vision of what Verbit can become and is fully committed to driving that vision with timely industry-leading AI-powered products delivered to Verbit’s customers and partners. Progress has already begun, and I can’t wait to see what Verbit can achieve guided by Yair’s steady hand.”

Amsterdam’s Leadership and Experience

Amsterdam, a seasoned senior executive with nearly two decades of leadership experience, has a proven track record in driving positive change and operational excellence in the technology and software sectors. His appointment is a strategic move to further Verbit’s transformation as a global leader in AI-based speech technology and accessibility.

Recent Innovations and Partnerships

Under Amsterdam’s leadership this year, Verbit has introduced several key innovations and partnerships:

• Captivate™ Technology: Verbit has launched Captivate™, its next-generation AI-powered captioning and transcription technology. This proprietary solution offers accurate and affordable services tailored to specific customer needs.
• Legal Real-Time: Verbit has also revolutionized court reporting with Legal Real-Time, which combines AI with an intuitive platform. This tool streamlines the work of digital court reporters and provides accurate live transcription during legal proceedings such as depositions, hearings, arbitrations, examinations, and trials, increasing efficiency and offering real-time access to attorneys.
• Partnership with ENCO: A strategic partnership with broadcast solutions provider ENCO has been established, offering Verbit’s media customers additional options for hardware encoders and cloud captioning. This partnership enhances caption connectivity, quality, reliability, and delivery for broadcasters.

Expanding Leadership with Gen.V™

Verbit is also extending its leadership beyond transcription through its suite of insight-generating applications, Gen.V™. Leveraging generative AI, Gen.V enables customers to derive greater value from their transcripts by providing actionable insights, thereby enhancing the utility of transcribed content.