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.
After acquiring US-based language service providers SH3 in 2014 and ENLASO in the fall of 2017, Argos Multilingual CEO Kimon Fountoukidis says he sees a real opportunity to merge with a few similarly sized companies.
Super agency Welocalize acquires German-based language service provider NLG to expand medical devices portfolio and boost revenues in life sciences to ca. USD 50m.
Nanodegrees and online courses in anything from machine learning, digital marketing to self-driving car engineering and millions of users worldwide. Welcome to Udacity’s localization challenge.
New York-based Morningside Translations was sold to a group led by new co-CEOs Tom Klein and Roland Lessard. The duo discusses what attracted them to the language industry, how they intend to grow the business, and why they are in this for the long haul.
BeLazy's first software update in 2021 features full automation for Plunet when used as a vendor portal or a business management system.
Plunet Version 8.0 focuses on an improved resource assignment management
Slator’s inaugural comprehensive language industry market report. It examines total market size, the 10 main end-buyer industries, competitive landscape, productivity tech, NMT and much more.
The Directorate-General for Translation has awarded Plunet a two-year EUR 0.97m TMS contract. DG TRAD to use Plunet Business Manager for managing its translation outsourcing.
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.
Finnish language service provider Transfluent nets nearly EUR 0.7m in crowdfunding campaign. Investor Q&A reveals interesting insights into how a small LSP plans to grow and differentiate itself in a highly competitive market.
Another Swiss-based language service provider changes hands as more and more outside competitors move into the high-priced Swiss market. Apostroph CEO Philipp Meier to remain and become shareholder in combined group.
Competing on Lionbridge-owned CLS Communication’s home turf, former CLS CEO Matthias Trümpy launches SwissGlobal Language Services, assembles team of former CLS and Translation Probst executives.
After closing two investment rounds for a combined USD 5m in late 2015, New Zealand’s Straker Translations expands in Europe; buys Dublin-based language service provider Eurotext. Plunet will now have to make way for Straker’s proprietary translation management system.
Fast-growing language service provider LinguaLinx acquires client portfolio of California-based Language Translation Inc.; plans to grow through up- and cross-selling. COO says another acquisition planned for 2017, but no plans to look for outside financing.
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.
Hamburg-based advertising and marketing language service provider Wieners+Wieners sells majority stake to private equity firm ECM. Former Managing Partner and now Member of the Advisory Board Hermann Wendelstadt tells Slator the company is not in a hurry to do deals but acquisition focus will be on Germany, Austria, and Switzerland.
Dutch Concorde Group promotes Raymond de Groot as new CEO. Speaking exclusively with Slator, de Groot discusses results for 2015, the big impact of a major new government contract, and his plans for growth.
The grass was greener for many in 2015 as CEOs stepped down, executives were hired from outside the industry, & sales leaders took their prospect list to another LSP
Mid-sized language service providers in Europe sign up with third-party translation management platforms to stay competitive in an increasingly sophisticated translation supply chain
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