In this week’s solo episode, Florian and Esther discuss the language industry news of the week, kicking off with a sneak peek into the brand new Slator 2021 Video Localization Report. Months in the making, the report provides an innovative look at the high-growth medium of video.
The two talk about the impetus for creating a new framework for the evolving video localization landscape, which unites the services of subtitling, dubbing, remote simultaneous interpreting, and live translated captioning within the context of media and entertainment, training and education, and meetings and events.
Florian shares news of TransPerfect’s best quarter ever (Q2 FY21), which saw the US-based Super Agency reel in an extra USD 70m in revenues compared to the same period in 2020. The 35% top-line growth TransPerfect delivered was almost exclusively organic, and places the milestone target of a billion-dollar-revenue year firmly within reach for the company in 2021.
The duo also unpack the acquisition by language service provider Welocalize of Germany- and Greece-based life sciences specialist NLG (or Next Level Globalization). NLG focuses primarily on the medical devices sub-sector. The deal saw Welocalize double the size of its life sciences division — Welocalize Life Sciences — to around USD 50m in annual revenues.