CEOs Grant Straker (Straker Translations) and Cyril Drabinsky (Deluxe Entertainment Services) cited investment in internal technology as a key factor in their success.
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.
Language services provider Straker tops guidance, reporting unaudited full year revenues of USD 36m. Annualized revenue by Project Manager crosses USD 0.5m.
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 continues acquisition strategy by buying Belgium-based language service provider IDEST for up to EUR 4.5m.
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.
New Zealand-headquartered language service provider Straker Translations reports 66% growth in Q2 FY22, with adjusted EBITDA turning positive in the month of September.
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.
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.
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 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.
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.
Australia-listed language service provider Straker Translations credits “high-margin” Lingotek acquisition and IBM win for strong March and growth in Q4 2021.
New Zealand-based Straker Translations taps into vast US market, buying translation services and translation management system provider Lingotek for up to USD 9.5m.
2020 brought extreme pressure on businesses and listed language service providers (LSPs) were no exception. Which LSPs fared better in 2020 and which suffered most amid Covid-19?
Sydney-listed Straker Translations lands major deal win with IBM; shares zoom up as investors bet on long awaited boost to profitability.
New Zealand-based language service provider (LSP) Straker Translations grew sales in the six months to September 2020, and now plans to resume acquisition strategy.
With projected EBITDA loss of over AUD 10m in 2020, translation and captioning provider Ai-Media is well on its way to raising more than AUD 60m in Sydney IPO.
With earnings season for the first half of 2020 behind us, we take a look at how shares in listed language service providers performed year-to-date 2020.
Data annotation and life sciences drive Summa Linguae’s Q2 growth. Honyaku Center gets clobbered as interpreting business is wiped out. Lingo24 provides a gloomy forecast for 2020.
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