Lionbridge to lay off 119 employees in Vancouver (WA) by early June 2018. Layoffs could indicate a move away from software testing towards a renewed focus on core language services and technology business. Continue reading
TransPerfect
Slator releases the Neural Machine Translation Report 2018. The report delves into the business case for neural machine translation, and answers the most pertinent questions surrounding the new technology with insights and information from 17 industry and academia experts to provide a clearer picture of NMT in 2018. Continue reading
The Delaware court has approved the sale of TransPerfect shares to Phil Shawe and ruled that Liz Elting’s objections are without merit. Shawe will pay USD 770m, over 10 times EBITDA. Elting to receive USD 287m in after-tax net proceeds. Continue reading
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TransPerfect co-CEO Liz Elting is pushing the Delaware court to reject the sale of her shares to her co-founder Phil Shawe, claiming the custodian’s abuse of discretion and Shawe’s misconduct. Custodian’s lawyer cites five factors that merit the sale to Shawe. Continue reading
Revenues for 2017 “just short of USD 600m”, says Lionbridge CEO John Fennelly in what he calls a year of transition. CEO comments on executive team restructuring, neural MT, and why his mandate is very simple. Continue reading
TransPerfect grew 12.5% in 2017 and posts record USD 615M revenue for the full year, internal email reveals. Co-CEO Liz Elting calls custodian’s decision to approve sale to co-CEO Phil Shawe “surreal were it not concrete”. Continue reading
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. Continue reading
From technology, markets, and M&A to investment and the competitive landscape, the language industry leaders we interviewed in 2017 commented on a wide range of issues – here are our top picks. Continue reading
At SlatorCon Zurich 2017, Dr Christoph Bieri, Managing Partner of the M&A firm that advised LUZ on its sale to RWS, shared his experience on choosing buyers, determining valuation and managing due diligence and explained why a medicine is a molecule connected to a huge amount of documentation. Continue reading
Slator poll-takers say life sciences is the most high-growth vertical, share very positive outlook on neural MT, reveal word rate changes in 2017, and answer whether LSPs should build or buy their tech. Continue reading
The battle for TransPerfect appears to be over. The custodian informed staff that co-CEO Phil Shawe was given the nod to buy the remaining 50% from co-CEO Liz Elting. Continue reading
TransPerfect’s Technology division loses more key executives as the wave of resignations by senior executives expands to London and the VP of Asia-Pacific. Continue reading
At SlatorCon New York, embattled TransPerfect Co-CEO Phil Shawe shares why early technology investment paid off and how to build a sales organization where no one has to push people to make them do cold calls. Continue reading
When Slator stopped by in New York in mid-October 2017, nearly 80 senior executives were treated to presentations by some of the biggest names in the language industry. Continue reading
Starwood’s Director of Digital Product and Globalization, Ora Salomon, discusses how she and her team significantly brought down translation costs while only slightly reducing content and not asking for a rate reduction. Continue reading
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