There isn’t much news on this story yet, except for the official press release from Wizzard Software. Today the company announced that it has agreed to acquire Libsyn, currently the world’s largest podcasting network. From Podcasting News:
According to the companies, the acquisition combines the world’s largest and fastest growing podcast network with Wizzard’s expertise in speech technology integration, creating a powerful new service for podcasters worldwide.
So far, there is no word of this deal on the Libsyn blogs or forums. I’m interested to hear their comments, because I think they understood they had to do something. Wizzard gets the top hosting service, and Libsyn gets some financial support to improve their service (and more importantly, quality of service), so it’s a good deal for both I think.
Libsyn CEO Dave Chekan seems excited in the press release at least:
“We’ve had several investment offers in the past and we chose Wizzard due to its expertise in speech technology, its passion for podcasting and its desire to make money for our independent content creators.”
Terms of the deal have not yet been disclosed.