New Zealand-based language service provider (LSP) Straker roughly doubles quarterly revenues vs. the prior year, and sets its sights on Europe’s public sector after IDEST acquisition.
New Zealand-headquartered language service provider Straker Translations reports 66% growth in Q2 FY22, with adjusted EBITDA turning positive in the month of September.
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
Lingotek acquisition supports Straker Translations’ full-year results as New Zealand LSP posts close to 50% revenue growth to USD 29m for the full year ended June 30, 2021.
New Zealand-headquartered language service provider Straker Translations reports 49% growth in Q1 FY22, as Lingotek adds first full-quarter reporting and IBM boosts revenues.
Shares in Straker Translations climbed 14% the day they announced results for the fiscal year ended March 31, 2021. LSP plans SaaS subscription push among technology customers.
Australia-listed language service provider Straker Translations credits “high-margin” Lingotek acquisition and IBM win for strong March and growth in Q4 2021.
Lionbridge hires former Moody’s CIO, Tony Stoupas, as Chief Technology Officer. Stoupas will oversee global technology, development, and information security.
Slator’s inaugural comprehensive language industry market report. It examines total market size, the 10 main end-buyer industries, competitive landscape, productivity tech, NMT and much more.
Long the domain of academia, fundamental research in machine translation has become a battleground for big tech and niche providers.
Amazon adds a custom terminology feature, Microsoft rolls out custom NMT, and IBM’s Watson Language Translator now preserves document formatting between source and target text.
Research into neural machine translation in 2018 is exploding, with April 2018 being the busiest month ever for NMT, as Big Tech companies from Google to Facebook to Amazon go full throttle on multiple areas of research.
CNBC reports that Amazon is looking to offer the translation technology it built for internal use to third parties. The move would be a direct challenge to Google Translate and the many other MT offerings by big tech companies.
IARPA needs natural language processing, media translation company shuts down and fails to pay linguists, asset manager likes SDL, more money for Expert System, and could IBM Watson now be more useful to LSPs?
According to an internal staff memo, Merrill Corp. is selling its translations unit as it continues drive to shed non-core businesses. Head of the new standalone company is said to be Jeff Brink, who originally founded the translation service provider.
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Tech giants Google, Microsoft, and IBM each have their own machine translation solutions and are signing up partners for deployment
IBM unveiled a new machine translation feature for its PaaS, Bluemix, called the Globalization Pipeline. Some experts are not convinced.
Sajan reports net loss in Q3 2015 results due to reduced IBM spending and delayed spending from several large domestic clients.
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