SOSi acquires stake in AppTek

By Marjorie Censer / June 17, 2020 at 3:36 PM

SOS International said today it has acquired a non-controlling interest in Applications Technology, better known as AppTek, to become the exclusive reseller of AppTek products to federal, state and local government.

As part of the deal, SOSi Chief Executive Julian Setian will join AppTek's board of directors, the company said.

AppTek specializes in artificial intelligence and machine learning for automatic speech recognition and machine translation. SOSi is a major language services provider to the U.S. government.

In a statement, Setian said the deal is "the latest of a series of investments we're making in market-leading commercial technologies."

Under the agreement, SOSi and AppTek are set to "jointly develop solutions for a variety of classified and unclassified use cases," SOSi said.