As Interest in India Grows, New Language Industry Group Elects First President
President of new language industry association talks about India’s underserved language market and the many opportunities in language technology and remote interpreting.
*New* Slator Pro Guide: Scaling an LSP Key Account — Growing Small Clients into Key Accounts
Mayflower
Private Equity Fund Set to Take Majority in Summa Linguae, Finance Two Acquisitions
Polish LSP Summa Linguae has secured backing from PE fund, Value4Capital, to finance acquisitions in the US and Canada. Deal sees fund taking majority in LSP.
Poland’s Summa Linguae Buys Swedish LSP Kommunicera
Poland-based Summa Linguae spent USD 2m acquiring Kommunicera, an “almost identical” language service provider, to expand into the Nordics. CEO highlights investment in NMT, API integrations and Blockchain.
Poland’s Summa Linguae Completes Merger with India’s Mayflower
After a 25% minority share swap back in mid-2016, Summa Linguae will 100% own Mayflower as they merge into a single company with USD 7m in revenues. Mayflowers owners gain significant shares within Linguae as the company seeks to solidify India as a market and expand into the US.
India: The Next Frontier in Language Services
The world’s second most populous country has 22 official languages and speaks in 1,600 dialects. As the mobile revolution puts a smartphone into the hands of hundreds of millions of more Indians, the demand for language services is set to boom.
Summa Linguae Partners With Amplexor Veteran for Romania Expansion
Opting for a compromise between an acquisition and a greenfield office opening, Polish language service provider Summa Linguae teams up with Amplexor’s former Managing Director to launch a presence in Romania.
Poland Meets India as Summa Linguae and Mayflower Swap Shares
Polish language service provider Summa Linguae and India’s Mayflower Language Services take a 25% stake in each other in a bid to open new sales channels and collaborate on technology. Combined annualized sales of the two companies around USD 2.8m.
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