TransPerfect wasted no time in moving its corporate domicile from Delaware to Nevada once the deadline for Co-founder Liz Elting to file a final appeal with the U.S. Supreme Court had passed on August 1, 2018. Continue reading
Phil Shawe
Activity was high among language service provider executives in the first half of 2018 as boardrooms and executive teams were reshuffled. Here are our top 10 picks from January to June 2018. Continue reading
TransPerfect buys San Francisco-based TranslateNow in first acquisition since legal battle ended. Sales up 21% to USD 275m in first five months of 2018 as execs who had left in protest over Lionbridge bid begin to return. Continue reading
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As technology is boosting productivity and changing buyer expectations, dropping unit prices presents opportunities to vendors that bring the tech, specialization, and size to seize them but it is an existential threat to generalists lacking focus. Continue reading
Delaware Supreme Court rejects appeal and clears the way for sale of TransPerfect to co-founder and co-CEO Phil Shawe. Transaction expected to close on May 7, 2018. Continue reading
Lionbridge to lay off 119 employees in Vancouver (WA) by early June 2018. Layoffs could indicate a move away from software testing towards a renewed focus on core language services and technology business. Continue reading
The Delaware court has approved the sale of TransPerfect shares to Phil Shawe and ruled that Liz Elting’s objections are without merit. Shawe will pay USD 770m, over 10 times EBITDA. Elting to receive USD 287m in after-tax net proceeds. Continue reading
TransPerfect co-CEO Liz Elting is pushing the Delaware court to reject the sale of her shares to her co-founder Phil Shawe, claiming the custodian’s abuse of discretion and Shawe’s misconduct. Custodian’s lawyer cites five factors that merit the sale to Shawe. Continue reading
TransPerfect grew 12.5% in 2017 and posts record USD 615M revenue for the full year, internal email reveals. Co-CEO Liz Elting calls custodian’s decision to approve sale to co-CEO Phil Shawe “surreal were it not concrete”. Continue reading
Who got hired, who stepped down, who moved over to the next challenge and why? Here’s a roundup of senior appointments and career moves of top executives in the language services industry in 2017. Continue reading
Massive privacy breach at Translate.com, senior managers leaving TransPerfect in droves, RWS buying Moravia, Facebook launching neural machine translation, Pearl Linguistic going bust, and more than two dozen other stories that lit up the Slator website in 2017. Continue reading
The battle for TransPerfect appears to be over. The custodian informed staff that co-CEO Phil Shawe was given the nod to buy the remaining 50% from co-CEO Liz Elting. Continue reading
TransPerfect’s Technology division loses more key executives as the wave of resignations by senior executives expands to London and the VP of Asia-Pacific. Continue reading
At SlatorCon New York, embattled TransPerfect Co-CEO Phil Shawe shares why early technology investment paid off and how to build a sales organization where no one has to push people to make them do cold calls. Continue reading
When Slator stopped by in New York in mid-October 2017, nearly 80 senior executives were treated to presentations by some of the biggest names in the language industry. Continue reading
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