Melbourne-based language service provider, ezispeak, weighs options after Victoria Supreme Court voids its sale to Technologie Fluenti. Clients include Telstra and the New Zealand government.
Company that owned ezispeak, New Zealand government’s remote interpretation provider, sells business, enters liquidation. ezispeak continues to operate, but interpreters say bills have gone unpaid.
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-based Straker Translations taps into vast US market, buying translation services and translation management system provider Lingotek for up to USD 9.5m.
New Zealand names ezispeak main telephone interpreting service provider, replacing OPI service of 16 years. Certain stakeholders say they are “dumbfounded” by the decision.
After October IPO in Australia Straker Translations posts half-year results. Six months pro-forma revenues grew to USD 9.1m and adjusted EBITDA shows a slight profit. Company says their freelance English to French freelancers average 1,000 words per hour and earn USD 28 per hour.
New Zealand’s Straker Translations raises an additional NZD 1M from Hong Kong as it gears up for acquisitions of “any decent LSP” with $1M - $5M in revenue.
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