San Francisco startup Boostlingo has secured USD 3.4m in Series A funding to build out its delivery platform for interpretation services including capabilities for both onsite and remote interpreting. Continue reading
M&A and Funding
Find out about the latest mergers and acquisitions, as well as the latest rounds of investments in leading companies from translation services to language technology
In an exclusive interview with Slator, SDL CEO Adolfo Hernandez insists they did not need M&A but calls the acquisition of Donnelley Language Solutions a fantastic strategy accelerator. Continue reading
CEO Benjamin du Fraysseix lives up to his reputation as one of the language industry’s busiest dealmakers by buying Belgian rival Telelingua. Combined group revenues to exceed USD 100 million in 2018. Continue reading
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The Hut Group, a fast-growing ecommerce company for beauty and wellbeing brands, has acquired London-headquartered language services provider Language Connect to build out its in-house translation capabilities. Continue reading
SDL acquires Donnelley Language Solutions for USD 77.5m as language industry consolidation accelerates in 2018. SDL pays 13.3 times EBITDA. Donnelley LS management expected to stay. Deal shifts SDL decidedly towards services business. Continue reading
France-headquartered Datawords buys Belgian agency 87seconds in second acquisition in 2018. Deal will expand Datawords’ capabilities in video content localization for corporate and media clients, a market likely to offer above average growth in the coming years. Continue reading
Language industry deal maker Technicis acquires rival HL Trad in second acquisition in three months. Bringing the France-based, Legal and Financial LSP into its fold lifts Technicis to pro-forma revenues of nearly USD 80m. Continue reading
TransPerfect buys San Francisco-based TranslateNow in first acquisition since legal battle ended. Sales up 21% to USD 275m in first five months of 2018 as execs who had left in protest over Lionbridge bid begin to return. Continue reading
Summa Linguae CEO Krzysztof Zdanowski teams up with TextMinded’s former CIO Robert Etches in an attempt to raise up to USD 30 Million by issuing a new cryptocurrency to fund a blockchain-based marketplace for linguistic assets. Continue reading
UK-based language service provider D.A. Languages has received a GBP 3m cash boost from a regionally focused fund run by private equity firm Foresight Group. Continue reading
UK-based LSP The Translation People has acquired Cicero for an undisclosed amount, adding GBP 0.55m in revenues to its 2017 totals of GBP 5.1m. Continue reading
Holland-based Livewords picks up another small generalist language service provider in its home market. The deal marks second acquisition since rebranding from Concorde to Livewords. Continue reading
Delaware Supreme Court rejects appeal and clears the way for sale of TransPerfect to co-founder and co-CEO Phil Shawe. Transaction expected to close on May 7, 2018. Continue reading
Leading Chinese Internet company focuses on online education to tap the monetization potential of their machine translation capabilities. Among the investors is the venture capital arm of Lenovo’s holding company. Continue reading
UK-based EIKON receives investment by private equity fund YFM to finance expansion in the US and technology development as deal-making in media localization heats up. Continue reading
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