Today, Verbit announced it has acquired education and government industry veteran Automatic Sync Technologies. Automatic Sync Technologies is renowned for its transcription solution and expertise and was initially developed by a team of experts with a grant from the US Department of Education.
The acquisition furthers Verbit’s leading market position in the US transcription and captioning space, as well as accelerates Verbit’s penetration into the government arena. Verbit’s education customers will benefit from additional functionalities to democratize video accessibility at their institutions. With Automatic Sync Technologies, Verbit will further advance on its path toward promoting institution-wide inclusion by offering more efficient and effective transcription, captioning and audio description services.
“Together with Automatic Sync Technologies, Verbit can create greater impact by bringing its high-quality transcription to more students, professionals and consumers,” said Tom Livne, CEO and Founder of Verbit. “I’m thrilled to have such a strongly recognized team and product join us on this journey.”
The Great Value of This Acquisition
This acquisition will provide all universities and partners with a more comprehensive offering and full domain expertise. The two companies share the same vision of the education transcription market and the evolution from accessibility based on disability requirements to greater engagement and inclusivity for all students.
Kevin Erler, CEO, Automatic Sync Technologies furthered this sentiment by stating, “We are excited to join the Verbit family. Their vision for the present and future of video accessibility and the planned investment in us will empower us to bring the vision of why we started this company 18 years ago to life. Now we can invest more aggressively in our product and make our roadmap and vision into realities.”
Verbit also acquired VITAC, a specialist in real-time captioning and transcription, in May. Verbit will continue to accelerate its expansion with more strategic acquisitions, where it can identify companies that will allow Verbit to invest more in specific industries.
With Automatic Sync Technologies and VITAC within the Verbit domain, unmatched value will be provided to all customers, including a complete suite of content accessibility solutions, supreme accuracy that meets ADA guidelines, fast transcription, robust integrations with LMS and video hosting platforms and dedicated customer support.
More on Automatic Sync Technologies
Automatic Sync Technologies has been providing closed captioning services for over 17 years, producing more than 5 million caption files for over 5,000 customers. In 2003, AST was awarded a Small Business Innovation Research (SBIR) grant from the United States Department of Education, providing the company’s initial funding. Founders Kevin Erler, Ph.D. and Brent Robertson then worked in collaboration with a team of expert advisors to develop the most cost-efficient, high quality, closed captioning service available today.