DeepL’s mega-round, LanguageLine buys Capita TI, Straker’s biggest client extends contract, machine translation at Europe’s second-largest bank, and Descript raises USD 50m.
LanguageLine, the language services sub-unit of French call center giant Teleperformance, purchases UK-based LSP Capita Translation and Interpreting (Capita TI) from Capita plc.
French call center giant Teleperformance highlights steady development of interpreting specialist subunit, LanguageLine, in third quarter results.
Launched in 2018, Jeenie pivoted during the pandemic from international tourism to healthcare, and raised a US 9.3m series A on a gig-economy-meets-marketplace business model.
While the overall language industry put in an exceptionally strong year, investors in listed LSPs and companies operating LSP units were handed a decidedly mixed bag in 2021.
LanguageLine parent company says first-half performance, including interpreting provider’s 22.5% growth, ‘far exceeds’ a mere return to pre-Covid growth.
Charts and analysis of the fastest growing LSPs and growth leaders in the Slator 2021 LSPI, plus main demand and growth drivers.
French parent company Teleperformance lauds LanguageLine for being ‘particularly resilient’ during the pandemic in full-year 2020 results; adds 2,600 ‘offshore” interpreters to the workforce.
Interpreting provider LanguageLine Solutions enjoys “robust growth”; while Japan’s largest LSP, Honyaku, forecasts better-than-expected results for first half.
Teleperformance buoyed by interpreting provider LanguageLine’s strong first half of 2020 as virtual remote interpreting benefits from telehealth boom and boosts top line and margins.
Purchasing consortium ESPO names 20 winners of four-year contract. Framework largely for over-the-phone interpreting, virtual remote interpreting, and in-person interpreting.
Here’s what happened at some of the largest language service providers during months of lockdowns and disruptions.
US public health insurance program Medicare expanded coverage of medical services furnished via telehealth from March 6, 2020. Interpreting service providers react.
We surveyed the response of language service providers from across the globe to the Covid-19 pandemic. Here’s what we found.
The Slator 2020 Language Service Provider Index ranks the world’s largest language service providers by revenue and features over 130 LSPs across the Leaders, Challengers, and Boutique categories.
After merging with US rival InDemand Interpreting, Florida-based remote interpreting company Stratus Video agrees to sell to AMN Healthcare for USD 475m.
Download the Slator 2019 Language Industry M&A and Funding Report — an in-depth summary and analysis of the 60 language industry M&A and 15 start-up and tech funding rounds.
Slator’s 2019 report on the US healthcare interpreting market, analysis of the competitive landscape, buyer job titles, major hospital systems, and more actionable insights.
Changes are underway in the US judiciary and healthcare systems that may begin to impact demand for language services from boutique and large LSPs alike.
UK’s ESPO announces a fresh public sector contract worth up to USD 100m for translation and interpreting services as previous framework contract nears expiry.
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