Ripcord Completes Acquisition of VASTEC to Scale Advanced AI-Powered Robotic Document Digitization and Records Management Solutions

Acquisition expands access to advanced AI-powered robotic document digitization to more government agencies and enterprise customers across the U.S.

Tampa, Florida — January 29, 2025 — Addressing the growing demand for the rapid and accurate conversion of documents into high-quality data, VASTEC, a premier document and data transformation company with an 18-year proven track record in the government and enterprise sectors, today announced it has joined Ripcord, a leading provider of AI-powered robotic digitization and document intelligence. As a wholly owned subsidiary of Ripcord, VASTEC will now benefit from Ripcord’s advanced robotics and expertise, enhancing its ability to deliver exceptional value to customers.

The combined experience and expertise of the 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 marks a transformational milestone for our companies and the digitization space,” said Sam Fahmy, CEO of Ripcord. “By uniting Ripcord’s advanced robotic and AI technologies with VASTEC’s customer depth and proven track record, we’re 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 acquisition 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, 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 VASTEC’s expertise and Ripcord’s technology 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 VASTEC

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 the transformation of electronic source records in all formats. For more information, visit vastec.com.

About Ripcord

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. For more information, visit ripcord.com.