Boston, MA, February 27, 2017 – Ramp, the leading provider of next-generation enterprise video delivery solutions for large enterprises, announced today the RampScribe business has been acquired by Cobalt Speech and Language. As the leading provider of custom speech and language solutions for small and large businesses, the acquisition enhances Cobalt’s capabilities with state of the art speech to text processing.
RampScribe is an automatic transcription engine built on the latest technology advancements in speech recognition for extremely high levels of accuracy in speech to text conversion.
“Our customers seek custom solutions from us because of the unique challenges they face when it comes to speech and language processing. RampScribe is an innovative addition to our core set of technologies that will provide immeasurable value to our transcription capabilities,” said Jeff Adams, CEO and founder of Cobalt.
RampScribe is an integral capability in Ramp’s VideoVerge solution, an enterprise-class video platform natively integrated into SharePoint. Time-coded text transcripts and searchable metadata allow videos to be easily found using the SharePoint search interface. Under the agreement, RampScribe will continue to be a core capability of VideoVerge.
“We are pleased to transition the RampScribe business to Cobalt, a company dedicated to using speech and language technologies to help businesses of all kinds be successful. RampScribe and VideoVerge customers will benefit from both the collective experience of the industry’s top speech experts at Cobalt as well as an expanded set of advanced speech and language capabilities, such as contextual analysis and sentiment recognition,” said Tom Racca, Ramp CEO.
The divestiture of RampScribe comes as part of the company’s strategic shift toward enterprise video solutions, most notably with last year’s introduction of AltitudeCDN™, a suite of products for multicasting and advanced video caching that provide an affordable and secure way to eliminate the bandwidth burden of video delivery inside the corporate firewall.
Ramp provides next-generation video delivery solutions to help organizations get the most value possible from video content. Ramp’s enterprise content delivery network, AltitudeCDN™, provides simple and secure multicasting and advanced caching software to optimize video traffic behind the firewall. The result is high-quality, stable transmissions from virtually any video source without expensive network upgrades or proprietary infrastructures and custom video players. Many Global 2000 companies, including Fortune 500 leaders, benefit from Ramp’s enterprise solutions. Ramp is headquartered in Boston and can be reached at (857) 202-3500 or ramp.com.
About Cobalt Speech and Language
Cobalt, the leading provider of custom speech and language solutions for small and large businesses, offers speech recognition, synthesis, and analysis of both text and audio. The company was founded in 2014 by Jeff Adams, who had previously led speech research groups at Amazon, Yap, and Nuance. Cobalt offers a broad variety of traditional and custom speech and natural language services, as well as expert consulting. The Cobalt team includes more than 15 experienced speech and language scientists and engineers. For more information, visit cobaltspeech.com.