Libsyn Acquired In Puff Of Smoke

Wizzard Software (OTCBB: WIZD) announced today that it has agreed to acquire Libsyn, the world’s largest podcasting network. Following the acquisition, Libsyn will maintain its independence and continue to grow its successful brand and loyal podcasting community, empowering podcasting everywhere.

The Libsyn network broadcasts over 42 million podcast downloads per month to at least 13 million people worldwide. In 2006 alone, Libsyn has had over 360 million audio and video podcast downloads. "Just this month, our network has broadcast over 7 million hours of content and that does not even include traffic from our newly launched LibsynPro business service," says Dave Chekan, CEO and co-founder of Libsyn. "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."

"Libsyn is on a mission to empower the content creator in this new age of independent media by creating unique opportunities to share advertising revenues with its podcasters," says Chris Spencer, CEO of Wizzard Software. "By joining forces, we can provide Libsyn with the operating capital it needs to continue its impressive growth, increase capacity and maintain its dominant status in the industry while at the same time expand our revenues by helping podcasters monetize their shows through unique advertising and sponsorship engagements." - PITTSBURGH--(BUSINESS WIRE)

Roy Wood was unavailable for comment, but his spokesperson said, "Roy will be letting the bells ring out for Christmas this year as usual."