Here are the Best and Worst-Performing, Publicly-Traded LSPs in 2022
Zoo Digital outperforms competitors again. Keywords Studios’ globalization unit strengthens video game localizer’s position. Appen’s stock continues to plunge.
Straker Translations
DeepL’s Unicorn Round, USD 15 Million Translation Client, Bank Builds MT In-House
DeepL’s mega-round, LanguageLine buys Capita TI, Straker’s biggest client extends contract, machine translation at Europe’s second-largest bank, and Descript raises USD 50m.
Straker Drops Full-Year Revenue Guidance After Subdued Q3 FY23
New Zealand-based language service provider (LSP), Straker Translations, reports slowed growth as a result of worsening trading conditions and delayed IBM project.
IBM Is Now a USD 15 Million Account for Straker Translations
Sydney-listed language service provider, Straker Translations, announces extension of IBM contract. Market reacts favorably.
Straker Sees Q2 FY23 Topline Growth Easing Amid ‘Adverse Trading Conditions’
Straker posts revenue growth of 19% driven by acquisitions but slowed by macro environment. Bags new United Nations contract as it continues to integrate Idest.
Slator 2022 Language Industry M&A and Funding Report
44-pages on 2022 translation and localization industry acquisitions and translation startup investments, with valuations, deal rationale.
Straker Translations Posts Solid Q1 FY23 as M&A Integrations Drive Margins
Straker Translations Q1 FY23 revenues up 66% versus same period last year. Sydney-listed LSP stays on track to deliver on guidance despite some weakness in Europe.
LSP Leadership Changes and Interpreting Shake-Up Across the Globe
Chairman departures at RWS and Straker, use of translation devices in UK detention centers, new proposition in government and healthcare interpreting, EUR 42m contract in France.
Straker Translations Chairman Says Goodbye
Two Straker board members to bid adieu at August 24, 2022 ASM. Among them, Chairman Phil Norman, who for the greater part of the past decade led the board of the Sydney-listed, New Zealand-based LSP.
Straker’s ‘Vintage Year’ — Revenues Increase by 79% Beating Guidance
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
SlatorCon Keynote Speakers Discuss Translation Innovation, Media Localization Trends
CEOs Grant Straker (Straker Translations) and Cyril Drabinsky (Deluxe) cited investment in internal technology as a key factor in their success.
SlatorCon Remote Makes a Bullish Case for the Language Industry
The bullish outlook on the language industry — shared by stakeholders from the buyer and vendor side — was a recurring theme throughout SlatorCon Remote March 2022.
Straker’s Revenues Double in Third Quarter of 2022 on M&A, Organic Growth
New Zealand-based language service provider (LSP) Straker roughly doubles quarterly revenues vs. the prior year, and sets its sights on Europe’s public sector after IDEST acquisition.
Straker Translations Expands in Europe With Idest Acquisition
Straker Translations continues acquisition strategy by buying Belgium-based language service provider IDEST for up to EUR 4.5m.
The Best and Worst Performing Listed Language Service Providers of 2021
While the overall language industry put in an exceptionally strong year, investors in listed LSPs and companies operating LSP units were handed a decidedly mixed bag in 2021.
Straker Posts Strong Second Quarter FY22 as IBM Now Orders 10M Words Monthly
New Zealand-headquartered language service provider Straker Translations reports 66% growth in Q2 FY22, with adjusted EBITDA turning positive in the month of September.
Straker Translations Chairman and CEO on Recurring Revenues, Margin Dip, Lingotek
Lingotek acquisition supports Straker Translations’ full-year results as New Zealand LSP posts close to 50% revenue growth to USD 29m for the full year ended June 30, 2021.
IBM Drives Strong First Quarter for Straker Translations
New Zealand-headquartered language service provider Straker Translations reports 49% growth in Q1 FY22, as Lingotek adds first full-quarter reporting and IBM boosts revenues.
Language Industry Hires at Andovar, Effectiff, Straker, and NaTakallam
Andovar hires a Managing Director for EMEA; Effectiff, a CTO; Straker, a Business Development Director for EMEA; and NaTakallam, a Head of Translation and Interpretation Services.
Straker Translations Announces Plans for USD 15.5m Capital Raise
Straker plans to raise AUD 20m share placement to both institutional and retail investors. Proceeds to be used to pay down debt raised to acquire Lingotek, boost M&A, and invest in sales.
Why Shares in Straker Translations Climbed to All-time High
Shares in Straker Translations climbed 14% the day they announced results for the fiscal year ended March 31, 2021. LSP plans SaaS subscription push among technology customers.
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