Ripcord and VASTEC Merge to Create AI-Powered Document Digitization Leader
TL;DR
Ripcord's merger with VASTEC creates a powerhouse of cutting-edge technology, offering a competitive advantage in the document automation space.
The merger combines Ripcord's AI robotics with VASTEC's secure document conversion solutions, streamlining document management processes.
The merger will improve document automation, benefiting enterprise and government sectors with faster, more secure data processing and digitization.
Ripcord's advanced robotics and AI technology, merged with VASTEC's expertise, will revolutionize document management for modern organizations.
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The merger between Ripcord and VASTEC creates a comprehensive solution for organizations seeking to modernize document management through advanced automation. By combining Ripcord's state-of-the-art AI-robotic technology with VASTEC's 18-year proven track record in secure document conversion, the new entity addresses critical needs for scale, speed, and security in digitization processes. This strategic combination positions the merged company to transform how enterprises and government agencies handle records management.
According to Sam Fahmy, CEO of the merged entity, this partnership represents a transformational milestone that will particularly benefit sectors where document security and processing volume are paramount. The merger accelerates innovation in document robotics and artificial intelligence while expanding national reach through locations in California, Florida, Texas, and the National Capital Region. Customers gain access to over two decades of combined expertise in secure document processing and digital transformation solutions.
Richard Salem, Founder of VASTEC, emphasized that the combination creates an unparalleled offering for organizations looking to digitize, modernize, and safeguard their records. The merger ensures access to best-in-class technology and expertise as more organizations transition from physical to digital record-keeping systems. The advanced proprietary and patented technologies from both companies will work together to provide more efficient and secure document conversion services.
The merged company's capabilities include conversion from various media types including paper and microform, as well as transformation of electronic source records in all formats. This comprehensive approach to document intelligence addresses the growing $62 billion market for digitization services. For more information about the company's services, visit ripcord.com or www.vastec.com.
Curated from 24-7 Press Release
