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. 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
One year after buying Switzerland’s Translation Probst, Paris-based Technicis moves south for deal making and acquires Italian-based Arancho Doc. CEO projects combined company’s 2017 revenues to reach EUR 45m. Continue reading
Private equity giant Advent International buys BPO and marketing supply chain firm Williams Lea Tag from Deutsche Post. Deal may impact language industry should Williams Lea Tag decide to prioritize a few niche areas where it competes with LSPs. Continue reading
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After raising an estimated RMB 45m (USD 6.7m) from Sogou Inc., translation corpus and technology vendor UTH is now purportedly valued at over RMB 600M. UTH Executive VP tells Slator funds will be invested into R&D activities and growth through acquisitions. Continue reading
Ireland-based Keywords Studios is ramping up its audio-recording arsenal with the acquisition of four Paris-based firms specializing in localization and audio voice-over recording for games. Company to spend another EUR 1m to upgrade facilities in Paris studio. Continue reading
The combination of ICON’s and Mapi’s language services groups will create a potent rival to language service providers when competing for business with big pharma. Continue reading
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. Continue reading
SpeakUS, a remote interpretation startup focusing on events, raises angel funding from an Irish state agency. It will use the fresh capital mostly for marketing. Continue reading
With Netflix, Amazon, Hulu and traditional studios expanding aggressively into global markets, demand for media content localization is soaring. Good times for Swedish media content localizer BTI Studios, which just changed its PE owner from Carlyle to Altor. Continue reading
Remote interpreting startup Cadence Translate raises funds in a seed round from private Chinese investors, including Dianping CEO and Fosun’s HR Head. Current round brings total funding to just over USD 1m. Continue reading
Ubiqus goes shopping in Spain, acquiring life sciences boutique LSP Celer Soluciones and buying the remaining 40% in Traducciones Poliglota it didn’t already own. Ubiqus President Vincent Nguyen says both companies will be integrated by 2018. Continue reading
Combined firm to be led by Traktat CEO Aleksey Shesterikov. Rebranding planned for 2018. Lack of organic growth opportunities main driver behind the merger. SmartCat to be new firm’s translation productivity tool. Choice of TMS still to be determined. Continue reading
Newly created company Valiant Integrated Services buys government services unit from outsourcing company ABM for USD 35.5m. The deal nets Valiant a number of large translation and interpretation contracts with the US Department of Defense. Continue reading
Finnish language service provider Transfluent nets nearly EUR 0.7m in crowdfunding campaign. Investor Q&A reveals interesting insights into how a small LSP plans to grow and differentiate itself in a highly competitive market. Continue reading
At SlatorCon London, venture capitalist Marcus Polke shares the patterns he sees driving the next innovation cycle in language services. LSPs will have to get ready to service new sets of clients demanding entirely new services. Continue reading
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