“The combination of Ripcord’s technology and VASTEC’s expertise creates an unparalleled offering for customers looking to modernize their document management.” – Richard Salem, Founder of VASTEC
SILICON VALLEY, CA, January 29, 2025 /24-7PressRelease/ — Addressing the ever-growing demand for the accurate and rapid conversion of documents into high-quality data, Ripcord, a leading provider of AI-powered robotic digitization and document intelligence, today announced its merger with VASTEC, a top-tier document and data transformation company with an 18-year proven track record in the government and enterprise sectors. The combined experience and expertise of the merged companies, coupled with their advanced proprietary and patented technology, including Ripcord’s state of the art AI-robotic technology and VASTEC’s secure document conversion and data transformation solutions, will usher in a new era of automated records management.
“This merger marks a transformational milestone for our companies and the digitization space,” said Sam Fahmy, CEO of Ripcord / VASTEC. “By uniting Ripcord’s advanced robotic and AI technologies with VASTEC’s customer depth and proven track record, we are poised to transform digitization, particularly in the enterprise and government sectors, where scale, speed, and security are paramount.”
A Modern Vision for Document Automation
The merger creates a powerhouse of technology and expertise, bringing comprehensive benefits to customers:
• Cutting-Edge Innovation: Accelerates innovation in document robotics and AI.
• National Reach: Locations in California, Florida, Texas, and the National Capital Region, with satellite operations throughout the country.
• Unmatched Expertise & Expanded Offerings: Customers gain access to over two decades of excellence in secure document processing and digital transformation.
“The combination of Ripcord’s technology and VASTEC’s expertise creates an unparalleled offering for customers looking to modernize their document management,” said Richard Salem, Founder of VASTEC. “As organizations look to digitize, modernize, and safeguard their records, this merger ensures they have access to best-in-class technology and expertise.”
About Ripcord / VASTEC
Ripcord turns documents into powerful data. As a disruptor in the $62 billion document intelligence space, Ripcord’s advanced robotics and AI turn paper and digital documents into powerful data with unprecedented speed and scale. Founded out of NASA research, Ripcord is backed by leading investors including Kleiner Perkins, Google Ventures, Icon Ventures, Lux Capital, MUIP, and Apple co-founder Steve Wozniak.
VASTEC is a national provider of customized high-volume data capture, records digitization, document “accessibility” remediation to ADA-Section 508 standards, and records management solutions. Our process includes conversion from various media types, including paper and microform, as well as transformation of electronic source records in all formats.
For more information, visit ripcord.com, http://www.vastec.com or follow us on LinkedIn and X.
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