Language Industry (Artificial) Intelligence — Slator Answers
Three UK-based language service providers — thebigword, translate plus, and Capita TI — finally filed 2019 financials in September and October 2020, with mixed results.
Slator tracked over 70 language industry M&A transactions and reviewed the next steps founders took after selling their business.
Fast-growing language service provider translate plus snapped up by Publicis Groupe’s production unit Prodigious. The move creates a competitive offering to WPP’s transcreation unit Hogarth.
Language Services Associates, Clarion, Premium Linguistic Services, and other language service providers as well as 2,000 linguists file claims. Filing indicates no assets remain to pay out LSPs and freelance linguists.
Nine-year-old language service provider started by thebigword veteran reports 28% revenue growth and 315% jump in pre-tax earnings. Director Robert Timms on how MT is not cannibalizing volumes and why he is frustrated with UK government procurement.
Accounting firm PwC appointed liquidator of bankrupt Pearl Linguistics. Creditor meeting to be held March 17, 2017 in London. Union representative blames government cost-cutting, while others point to failures in vendor vetting.
translate plus directors Robert Timms and Per Severinsen to go on a week-long trade mission to Chicago and New York this September through the invitation of the Mayor of London’s International Business Programme.
London’s translate plus releases results for 2015 financial year with revenues broadly flat and EBITDA slightly down. Director Robert Timms says current financial year to deliver strong top and bottom line growth when the books are closed end of August 2016
UK’s Crown Commercial Service rolls three existing government contracts into one and awards a four-year contract worth up to GBP 250m to 12 language service providers and one consortium.
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