As TransPerfect posts USD 705m in full-year revenues for 2018, CEO Phil Shawe comments on the company’s record setting 2018, his M&A outlook for 2019, neural machine translation, and why Amazon and Google don’t really worry him. Continue reading
Phil Shawe
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. Continue reading
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. Continue reading
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In second bolt-on-acquisition of the year TransPerfect buys Berlin-based Mobile App and Gaming Localizer Applanga. CEO Phil Shawe says M&A efforts are now in full swing. Continue reading
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
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
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
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