Language Industry Top Quotes of 2018
From technology, markets, and M&A to investment and the competitive landscape, the language industry leaders we interviewed in 2018 commented on a wide range of issues - here are our top picks.
Larry Gould
The Language Industry's Biggest Hires of 2018
The industry was abuzz with leadership changes. Two language industry CEOs stepped down after more than two decades at the helm, and a number of large companies announced key management adjustments. This was the year in language industry hires.
After 40 Years, thebigword's Larry Gould Cashes Out, Sells to Private Equity
After four decades of Gould-family ownership, UK-based language service provider thebigword sells majority stake to private equity firm Susquehanna Private Capital (SPC).
thebigword closes in on USD 100m as Revenues Jump 28%
thebigword posts full-year 2018 revenues of nearly USD 100m and EBITDA of USD 5.9m, as growth is boosted by Ministry of Justice contract and defense business. Company launches new video remote interpreting (VRI) capabilities to expand interpretation offering.
thebigword Rival Fined GBP 250k for ‘Cybersquatting’
Court orders UK language service provider Language Empire to pay damages for diverting significant sales away from its rival, thebigword, via copycat websites.
Slator Pro Guide: Finding Growth in Adjacent Services
Pro Guide for LSPs to identify growth opportunities in adjacent services. Profiles 15 adjacent services, analyzing barriers to entry, risks, and synergies.
thebigword, Capita TI, translate plus File 2019 Financials, Give Covid Update
Three UK-based language service providers — thebigword, translate plus, and Capita TI — finally filed 2019 financials in September and October 2020, with mixed results.
thebigword Posts Financial Year 2019 Earnings
UK-based LSP thebigword posts revenues of USD 107m for the 12 months to May 31, 2019; profits fall on increased technology spend and machine translation investment.
Gould 2.0: Joshua Gould Named New Group CEO at thebigword
thebigword’s new CEO Joshua Gould talks about the competition, linguists, VC’s renewed interest in the language industry, and Brexit’s potential impact on operations.
thebigword Hires Former Welocalize VP Garry Levitt as Chief Revenue Officer
Language industry veteran Garry Levitt is appointed to the role of Chief Revenue Officer at UK-headquartered language service provider thebigword.
thebigword Appoints New CEO as Public Sector Contracts Continue to Boost Sales
UK-based language service provider thebigword hits double-digit growth two years running after winning MOJ contract, and appoints industry outsider Nihat Arkan as new CEO. Former CEO Larry Gould to pursue M&A and investment as Executive Chairman of the Board.
England’s Top Judge Predicts ‘the End of Interpreters’
One of the senior representatives of the English judicial system wades into the machine translation debate by predicting AI will replace interpreters in the courtroom.
thebigword Bounces Back
UK language service provider thebigword manages to make the MoJ contract profitable. Both revenue and profits jumped; CEO confident 2018 will see another substantial rise in revenue and is looking to raise funds and make acquisitions.
100,000 Requests In, How Is the UK’s Giant Court Interpreting Contract Working?
The giant court interpretation contract from the UK’s Ministry of Justice has for the first time reached 98% fulfillment from its new vendor, thebigword. With a 5% decrease in service requests, thebigword managed to slightly push its previous quarter’s 97% fulfillment rate to the required 98% in Q2 2017.
Language Services Partnership Brings Huawei’s Smart Tech to Every Corner of the World
Global language service provider thebigword has been chosen by Chinese tech giant Huawei to help deliver smart, wearable technology to a global audience.
After Loss, thebigword Pins Hopes on New Government Contracts
UK-based language service provider thebigword took a 10% revenue hit in the year ending May 2016. CEO Larry Gould tells Slator the Crown Commercial Service and Ministry of Justice contracts will boost sales by 35% this year.
And So It Begins: thebigword Takes Over From Capita TI
The UK’s Ministry of Justice (MoJ) releases details about the giant interpretation and translation contract awarded to thebigword, Clarion, and The Language Shop. Learning from past failure, the MoJ steps up monitoring and sends out mystery shoppers.
thebigword Appoints Deputy CEO Amid Reshuffling of Executive Ranks
CEO of UK-based language service provider thebigword Larry Gould appoints Diane Cheesebrough second in command, as company’s C-suite sees a number of changes. Company re-registers from Plc to Ltd.
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