The industry was abuzz with leadership changes. Two language industry CEOs stepped down after more than two decades at the helm, and a number of large companies announced key management adjustments. This was the year in language industry hires. Continue reading
SDL says first quarter 2018 in line with expectations, while US-based remote interpreter LanguageLine Solutions reports slowing revenue growth due to a weak dollar and a technical glitch. Continue reading
In its first full year under its new owner Teleperformance, remote interpreter LanguageLine posts another solid performance, growing revenues by 8.6% to USD 451M. Continue reading
Local language service providers push back against Alberta’s contracting of US-giant LanguageLine for remote video remote interpreting service for state’s courts. “We don’t know who is interpreting. We don’t know anything.” Continue reading
LanguageLine contributes EUR 114m in sales and EUR 41 in pre-tax profit in 2016 since its acquisition in mid-September. Company relies almost completely on over-the-phone interpretation, which may make it vulnerable to regulatory changes in the US. Continue reading
What is my company worth? Consolidation among the thousands of language service providers is accelerating. Here is what owners have to know to maximize value as they look to sell their business. Continue reading
Mixed quarter for Lionbridge, as new wins from clients in regulated industries, manufacturing, and government are offset by a decline in enterprise IT. CEO sees new opportunities in over-the-phone interpretation and crowdsourcing for NLP and speech. Continue reading
Swiss remote interpretation startup Interprefy raises second funding round in less than one year; sees its valuation increase from CHF 1.5m to CHF 4m (USD 4.1m). Startup faces pushback from some interpreters, but finds traction among conference organizers in Lake Geneva region and Zurich. Continue reading
Chairman of French Teleperformance Daniel Julien puts his money where his mouth is; buys Language Line for USD 1.5bn. CCO of thebigword not surprised at purchase price, while ATA president says too soon to draw conclusions. Continue reading
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