Goldman Sachs Stops Work on Pactera IPO
Goldmans Sachs halts US IPO work for HNA Pactera on governance concerns as Pactera continues to seek new capital for expansion. Move may have have implications for Pactera’s localization unit.
translate plus
London LSP translate plus Acquired by World’s Third Largest Ad Agency Publicis
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.
Slator’s Most Popular Language Industry Stories of 2017
Massive privacy breach at Translate.com, senior managers leaving TransPerfect in droves, RWS buying Moravia, Facebook launching neural machine translation, Pearl Linguistic going bust, and more than two dozen other stories that lit up the Slator website in 2017.
Over 2,000 Creditors File Claims Against Bankrupt Pearl Linguistics
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.
Earnings Jump Over 300% at London’s translate plus
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.
Slator Software-as-a-Service (SaaS) Localization Report
90-page report on how SaaS companies partner with LSPs to localize products, drive market/user growth. Incl. market size, tech review.
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thebigword, Capita TI, translate plus File 2019 Financials, Give Covid Update
Three UK-based language service providers — thebigword, translate plus, and Capita TI — finally filed 2019 financials in September and October 2020, with mixed results.
The Post-Deal Lives of Over 100 LSP Owners Who Sold Their Business
Slator tracked over 70 language industry M&A transactions and reviewed the next steps founders took after selling their business.
Slator 2019 Language Industry Market Report
Slator’s inaugural comprehensive language industry market report. It examines total market size, the 10 main end-buyer industries, competitive landscape, productivity tech, NMT and much more.
The Slator 2019 Language Service Provider Index
The Slator 2019 Language Service Provider Index features the largest LSPs in a Leaders Index and the midfield in a Challengers Index.
The Slator 2018 Language Service Provider Index
Slator launches the 2018 Slator Language Service Provider Index (LSPI). The index comprises the largest language service providers worldwide with aggregate 2017 revenue of USD 4.7 billion derived from services such as translation, localization, language technology, interpretation, subtitling, dubbing, and related services.
Freelance Translators in the Mix as ECB Awards EUR 2.4m Contract
European Central Bank announces winners of EUR 2.4m framework for translating 19 source languages into English. Estonian and Maltese still looking for vendors.
Pearl Bankruptcy Leaves Linguists and Clients Scrambling
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.
CLS’ Former CEO Launches New Language Service Provider
Competing on Lionbridge-owned CLS Communication’s home turf, former CLS CEO Matthias Trümpy launches SwissGlobal Language Services, assembles team of former CLS and Translation Probst executives.
Who Went Where—The Week in Language Industry Hires
EasyTranslate names a new Operations Manager. GET IT appoints a new Sales Director. International Language Connection appoints a COO. Amberken names a BDM for Frankfurt. And translate plus names a Business Development Head for its gaming division.
translate plus on US trade mission as part of Mayor’s International Business Programme
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.
Brexit: British Language Service Providers React
A plummeting pound, concerns about hiring from the European Union, and worries about adequate translator training weigh on the minds of top executives at language service providers in the UK as Brexit becomes reality: "We're paying a heavy price.”
Translate Plus projects 2015/16 growth at 28%, EBITDA to more than double
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
250 Million Pounds Up for Grabs in the Crown of Contracts
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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