From the release
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. The combined companies will focus on providing independent content creators with comprehensive search engine indexing, transcription and blogging integration and new tools so that they may better attract advertisers and sponsors allowing them to reach highly-targeted audiences with more relevant advertising and promotional opportunities.
Wizzard must be looking to take Libsyn to the next level by adding speech recognition technology and becoming a search engine for podcasts. That would put them in league with companies like Blinkx, etc.
Congrats to the guys at Libsyn. I met some of the founders at the PME a while back. They were passionate about their product and all the ups and downs that come with being a startup.