TransPerfect wasted no time in moving its corporate domicile from Delaware to Nevada once the deadline for Co-founder Liz Elting to file a final appeal with the U.S. Supreme Court had passed on August 1, 2018.
In the first half of its 2018 financial year, RWS posts revenues of GBP 139.6m and a pre-tax profit of GBP 28.6m. While acquisitions drive revenue growth, the core patent translation business generates the majority of profits. Shares pop 10% following the results.
The drivers of growth in Asia’s language industry came into focus as Slator hosted its inaugural SlatorMeet in Hong Kong on October 11th, 2018.
The Delaware court has approved the sale of TransPerfect shares to Phil Shawe and ruled that Liz Elting’s objections are without merit. Shawe will pay USD 770m, over 10 times EBITDA. Elting to receive USD 287m in after-tax net proceeds.
TransPerfect co-CEO Liz Elting is pushing the Delaware court to reject the sale of her shares to her co-founder Phil Shawe, claiming the custodian’s abuse of discretion and Shawe’s misconduct. Custodian’s lawyer cites five factors that merit the sale to Shawe.
Japanese financial printing giant Takara Printing has taken a majority investment in TRANSLASIA to expand into Southeast Asia.
UK language industry representatives step up lobbying efforts, aiming to mitigate potential impact of Brexit, which threatens to disrupt UK LSPs' access to qualified linguists in-country.
Slator launches the 2018 Slator Language Service Provider Index (LSPI). The index comprises the largest language service providers worldwide with aggregate 2017 revenue of USD 4.7 billion derived from services such as translation, localization, language technology, interpretation, subtitling, dubbing, and related services.
At SlatorCon New York, Frontenac Managing Director Ron Kuehl discussed why private equity is interested in the language services industry and their CEO1ST approach to investing.
At SlatorCon New York, embattled TransPerfect Co-CEO Phil Shawe shares why early technology investment paid off and how to build a sales organization where no one has to push people to make them do cold calls.
At SlatorCon New York, Kevin Giblin, Chief Procurement Officer, Dun & Bradstreet, the importance of building strategic supplier relationships that add value to the business and why Procurement reports to HR.
At SlatorCon New York, leading language industry leaders gathered to discuss what’s driving this fast-growing space. Participants were treated to insightful and authentic presentations by Lionbridge’s Rory Cowan, TransPerfect’s Phil Shawe, Qordoba’s May Habib, NYU’s Kyunghyun Cho, as well as D&B’s Kevin Giblin and Frontenac’s Ron Kuehl.
Revenues at game localizer Keywords up 50% in first half of 2017. CEO Andrew Day tells analysts deal making will continue with up to ten acquisitions per year and not worried about potential competition from Lionbridge and SDL.
Goldmans Sachs halts US IPO work for HNA Pactera on governance concerns as Pactera continues to seek new capital for expansion. Move may have have implications for Pactera’s localization unit.
After the custodian in charge of selling TransPerfect threatens to exclude Co-CEO Phil Shawe from the sales process, Shawe sues in Federal Court. Translation productivity tool Wordfast emerges as major potential obstacle to sale.
Shares in game localizer Keywords Studios surge following a trading update and broker buy reports in July. With a market capitalization of nearly one billion USD, Keywords’ valuation is now double that of much larger SDL.
Fast-growing language service provider translate plus snapped up by Publicis Groupe’s production unit Prodigious. The move creates a competitive offering to WPP’s transcreation unit Hogarth.
At Slator's Tokyo Meetup, held at the Grand Hyatt in Roppongi, participants discussed what's driving the language industry in 2017. The meetup was well attended by language service providers, industry consultants, and localization buyers.
The National Labor Relations Board has issued a complaint against interpretation services provider SOS International (SOSi). SOSi may be required to reclassify hundreds of interpreters supporting a large government contract from freelance to employee-status nationwide.
SlatorCon London was attended by over 60 senior language industry executives. We took the opportunity to talk about translation productivity with Lilt’s Spence Green, neural MT with Iconic’s John Tinsley of Iconic, and language industry M&A with Simon Baertl from William Blair & Company.
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