The 10 Most Popular Language Industry Stories of 2021
After an extraordinary year, our look back on 2021 — from Big Tech to big buys, machine translation to translators’ job prospects — shows the language industry is thriving.
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Semantix
TransPerfect Closes in on Billion-Dollar Target as Q3 Revenues Climb 31%
TransPerfect’s revenues grew 31% to USD 279m in Q3 2021 amid strong organic growth. US-based language service provider closes in on billion-dollar revenue target.
Investment Firm K1 Buys Poland’s XTRF in Second TMS Acquisition
Poland-based translation management software (TMS) provider XTRF sells majority stake to private equity; joins XTM as portfolio company of US investment firm K1.
TransPerfect Further Cuts Interest Expense in USD 500m Debt Refinancing
TransPerfect has refinanced a USD 450m credit facility secured in 2019, with a new lower-interest term loan and revolving credit line amounting to USD 500m.
M&A Shakes up Nordic Language Industry, New Language Operations Pro Guide
The map of Northern Europe’s language industry is being redrawn as one of Europe’s largest private equity funds invests in LanguageWire; and TransPerfect acquires Semantix.
TransPerfect Buys Semantix in Largest Acquisition Yet
TransPerfect makes a major foray into Northern European translation and interpreting by acquiring market leader Semantix from its private equity owners.
Semantix Exec Britta Aagaard on EUR 34m EU GROW Translation Contract
Semantix exec Britta Aagaard joins the Pod to talk about Semantix's recent major translation deal win for the European Commission, the role of their tech partner ESTeam, and more.
Semantix Partners with ESTeam, Summa Linguae on EUR 34m EU Translation Contract
EUR 34m translation contract covers a whopping 522 possible language combinations for draft text regulations, notifications, and exchanges on a Member State communication system.
EU Awards USD 13m Worth of Translation Contracts in January 2021
Eleven countries in the European Union name their chosen LSPs for translation and interpreting contracts worth a combined total of more than EUR 10m.
It’s Done: Norway Just Centralized Police Interpreting
Norway announces winners of nationwide police interpreting contract. Move comes after watchdog fined police for purchasing interpreting services without a tender.
Sweden Awards USD 65m Interpretation Contract to Startup DigitalTolk
Scania County in Sweden awards USD 65m interpretation contract to startup DigitalTolk. Contract to run for two years from July 1, 2020.
The Slator 2020 Language Service Provider Index
The Slator 2020 Language Service Provider Index ranks the world’s largest language service providers by revenue and features over 130 LSPs across the Leaders, Challengers, and Boutique categories.
Scaling XTRF To Semantix Requirements and System Integrations
A successful joint effort to scale up from single server node to multi-node with one of the largest LSPs in the world
After Watchdog Fine, Norway’s Police Opens Bidding for Nationwide Interpreting Contract
Norway launches nationwide interpreting framework contract after police fined by procurement watchdog for awarding contracts without properly notifying potential bidders.
Slator 2019 Language Industry M&A and Funding Report
Download the Slator 2019 Language Industry M&A and Funding Report — an in-depth summary and analysis of the 60 language industry M&A and 15 start-up and tech funding rounds.
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