4 weeks ago
September 22, 2021
K1 Invests in XTRF to Accelerate Growth in Rapidly Expanding Language Technology Industry
[Kraków, 22/09/2021] – XTRF, a leading provider of translation management software for language service providers, today announced a majority investment from K1 Investment Management, LLC (“K1”), a leading investment firm focusing on high-growth enterprise software companies.
Established in 2010, XTRF enables customers to integrate their entire localization process in one globally accessible platform. The cloud-based system streamlines the management of complex translation and localization workflows by linking client requirements, internal processes and vendor management in a seamless online environment.
The strategic growth investment from K1 marks another significant milestone along XTRF’s journey and will help fuel continued growth and innovation.
“We founded XTRF to help the translation and localization industry work more efficiently by delivering user-friendly and customizable management tools,” said Andrzej Nedoma, CEO of XTRF. “By partnering with K1, we’ll be able to continue investing in our current solutions, offer an expanded product portfolio, and ensure our partners and customers can realize their localization priorities.”
“XTRF has emerged as a Category Leader with impressive growth in the translation management and localization space,” said Andrew Doane, Vice President at K1. “We look forward to partnering with XTRF to execute on their vision and deliver exceptional value to customers and partners around the globe.”
K1’s investment in XTRF is its second in translation technology. In February 2021, K1 made a growth equity investment in XTM International, a leading provider of SaaS translation management software for enterprises.
For more information about XTRF, please visit https://xtrf.eu/
Established in 2010, XTRF is designed and developed by people who know the language industry inside out. We’re all too aware of how stressful and tedious configuring multiple multilingual projects across various time zones can be—and that’s our secret weapon. From seamless integration with industry-standard CAT tools to built-in and feature-rich partner portals for customers and suppliers—our innovative platform covers all bases. As one of the fastest-growing translation management systems on the market, XTRF delivers immediate time and cost savings to over 350 translation companies, corporate language departments, and public organizations across the globe.
K1 is a global investment firm that builds category-leading enterprise software companies. K1 partners with strong management teams of high-growth technology businesses to help them achieve successful outcomes. With over 110 professionals, K1 and its operating affiliate, K1 Operations LLC, change industry landscapes with operationally-focused growth strategies designed to rapidly scale portfolio companies. Since inception of the firm, K1 has partnered with over 160 enterprise software companies including industry leaders such as Apttus, Buildium, Checkmarx, Clarizen, ControlUp, Emburse, FMG Suite, Granicus, IronScales, Litera Microsystems, Onit, Rave Mobile Safety, RFPIO, Smarsh, WorkForce Software and Zapproved. For more information about K1, please visit k1capital.com or follow us at linkedin.com/company/k1im.