Straker’s ‘Vintage Year’ — Revenues Increase by 79% Beating Guidance
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
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Lingotek
Straker Posts Strong Second Quarter FY22 as IBM Now Orders 10M Words Monthly
New Zealand-headquartered language service provider Straker Translations reports 66% growth in Q2 FY22, with adjusted EBITDA turning positive in the month of September.
Straker Translations Chairman and CEO on Recurring Revenues, Margin Dip, Lingotek
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.
IBM Drives Strong First Quarter for Straker Translations
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.
Straker Translations Announces Plans for USD 15.5m Capital Raise
Straker plans to raise AUD 20m share placement to both institutional and retail investors. Proceeds to be used to pay down debt raised to acquire Lingotek, boost M&A, and invest in sales.
Why Shares in Straker Translations Climbed to All-time High
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.
Lingotek Acquisition and IBM Win Deliver Q4 Growth for Straker
Australia-listed language service provider Straker Translations credits “high-margin” Lingotek acquisition and IBM win for strong March and growth in Q4 2021.
Lingotek and Intento Announce Enhanced MT/AI Offering Through Platform Integration
With the new Intento connector, Lingotek users can take control over their machine translation requirements by deploying Intento’s MT Hub in their workflow.
Straker Acquires Lingotek for Up to USD 9.6m
New Zealand-based Straker Translations taps into vast US market, buying translation services and translation management system provider Lingotek for up to USD 9.5m.
Language Industry Key Hires of 2020
While 2020 will go down in history as the year of Covid, it also saw six CEO appointments at language services and tech providers as well as several C-level and VP hires, as reported by Slator.
Lingotek Appoints Localization Industry Veteran Mark Hjerpe as Chief Revenue Officer
Mark Hjerpe will continue to drive the expansion of Lingotek's translation business globally through its leading-edge translation platform.
Slator Job Index Rebounds in February 2020, Hits Record High
The Slator Language Industry Job Index (LIJI), which tracks how employment activity is trending across the global language industry, rose to 109.59 in February 2020.
Language Industry Hires at Lingotek, Take 1, Protranslating, Language Connections, and Travod
Lingotek appoints a Chief Revenue Officer; Take 1, a Chief Operating Officer; Protranslating and Language Connections, Directors of Business Development; and Travod, an Operations Director.
Lingotek Adds 100+ Translation Management System Enhancements in 2018
Lingotek's enhancements to their translation management system (TMS) make translation project management easier and more automated than ever before.
Lingotek 2018 Year in Review
Lingotek 2018 Highlights include 45%+ Growth, Top Rankings, New Translation Software Connectors and 100+ Enhancements to its TMS including the industry leading Quality Management Application
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