Verbit Announces Acquisition of Automatic Sync Technologies

Following its acquisition of leading media transcription provider VITAC in May, Verbit acquires Automatic Sync Technologies to further its mission of worldwide accessibility

Verbit, the leading transcription and captioning company, announced the acquisition of education and government industry veteran, Automatic Sync Technologies.

Marketing Technology News: MarTech Interview with Rachel Meranus, CMO at Transfix

Automatic Sync Technologies, which is renowned for its transcription solution and expertise in the education and government sectors, 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.

This acquisition of Automatic Sync Technologies advances Verbit’s 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.”

“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,” said Kevin Erler, CEO, Automatic Sync Technologies. “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.