Konstantin Dranch’s Post

EasyTranslate Doubles Revenue With Key Acquisition Copenhagen-based tech innovator EasyTranslate has made a significant stride in the translation industry by acquiring Nordic powerhouse World Translation A/S. This strategic move not only solidifies EasyTranslate’s position in the European market but also propels the company’s annual revenues to an impressive €10 million. The details of the acquisition remain under wraps, but EasyTranslate has confirmed that this union marks a pivotal milestone in its growth trajectory. With this expansion, the company brings on board WorldTranslation’s dedicated team of 28 full-time professionals, enhancing its capabilities and broadening its customer base across SaaS and e-commerce sectors. Forbes Frederik R. Pedersen Pride Capital Partners Ib Brandt Jørgensen EasyTranslate World Translation A/S.  #AI #EasyTranslate https://lnkd.in/eqha5eJx

🚀 BREAKING: memoQ acquires Globalese memoQ has announced the acquisition of Globalese, a specialized MT solution provider also with Hungarian grassroots. memoQ has long been the only top TMS player to resist the temptation of M&A, somewhat surprisingly remaining in the hands of the founders. The company now surprises the industry by acquiring another language technology company. Strategically, the acquisition of Globalese is a very clever move. Under the leadership of Gábor Bessenyei, Globalese has adapted extremely well to the new technological reality of LLMs, offering a powerful combination of in-domain MT models and LLM capabilities for automated post-editing and dynamic terminology injection. This acquisition also reaffirms the direction the language industry is taking towards LLM implementation, i.e. redesigning MT with LLMs. With its latest feature releases and current roadmap, memoQ shows signs of strong ambition. memoQ AGT is maturing and gaining traction, MTQE is facilitated through ModelFront and TAUS, and plugins from Custom MT and Intento are fully supported. memoQ has taken serious steps to harness GenAI and LLMs, catering to the needs and wishes of enterprise localization teams while democratizing AI for LSPs and linguists in probably the most robust CAT on the market. memoQ RFP, the company's spin-off offering a cloud-based platform to efficiently respond to RFPs and other business questionnaires, rebranded as Breeze with memoQ as an angel investor. At the end of 2023, Konstantin Dranch and I reported that the TMS market continues to experience substantial growth, resulting in an estimated market size of $0.3 billion. This statement was powered by the acquisition of Rigi by XTM on the one hand, and Wordbee by TransPerfect on the other. Those acquisitions revived the M&A and investment wave started in 2020 when RWS acquired SDL, and dominated the TMS space for a considerable time, affecting many companies including Across, Lingotek, Memsource, and XTM. In 2024, our industry has already seen XTM acquire Locale and Smartcat secure a $43 million round, proving that despite ongoing debates about the necessity of TMS, post-TMS and post-localization, TMS remains the cornerstone of translation technology. #translation #localization #internationalization #genai #llms #tms

Danish EasyTranslate’s acquisition of World Translation aims for market leadership Copenhagen-based EasyTranslate has announced its acquisition of the Danish translation agency World Translation A/S, a strategic move aimed at enhancing its translation technology and service offerings. EasyTranslate, known for its AI-driven translation technology, aims to combine the strengths of automation with the cultural and contextual knowledge of human linguists. World Translation brings a strong reputation in technical translations, and its team of 28 employees will add valuable expertise. This acquisition will broaden EasyTranslate’s service offerings, particularly in SaaS and e-commerce sectors, as the company expands into new markets. The integration also marks a shift towards more efficient, scalable translation services while maintaining a focus on quality. https://lnkd.in/dpXJEfYH #nordicmade #denmark #startups #acquisition #translation #trending

How can you get more people to use YOUR product? Tech #startups and SaaS companies, ENHANCE your product offerings with our expert #translation and #localisation services. Our White-Label partnership enables seamless integration into your platform, providing top-notch #language solutions without extra development costs. 💻🌐 👉 Example: A SaaS company integrated our MTQE & MTPE solutions, enabling them to achieve significant savings whilst offering an end-to-end solution to overseas customers. 💼💡 Offer a comprehensive solution to your clients WITHOUT overheads. Ready to scale? Book a call 👉 Tatiana Lapteva 🤝📈 Established 15 years ago, www.lingvohouse.com has evolved from human translation experts to leaders in integrating #AI and language technologies, translating over 100 million words globally. As a one-stop-shop Language Service Provider (#LSP), certified to ISO 9001, 17100 & 27001, we can fill gaps in any supply chain where a language service offering is required, from simple translation or licensed LangTech resources to localisation project management and QA. 🌐 https://lnkd.in/eVFikWGR #Whitelabel #TechStartup #SaaS #BusinessGrowth #partnership #product #tech #scaleups

Legal Translation AI ‘Bering Lab’ Secures $2.3 Million in Pre-A Investment from SBVA & Others Bering Lab, a legal AI translation company co-led by Jae-yoon Kim and Sung-hyun Moon, has successfully raised 3 billion won (approximately $2.3 million USD) in a pre-A investment round. This round was spearheaded by SBVA (formerly SoftBank Ventures) and included participation from The MBA Fund, a US venture capital firm established by graduates of Harvard, […] The post Legal Translation AI ‘Bering Lab’ Secures $2.3 Million in Pre-A Investment from SBVA & Others first appeared on KoreaTechDesk | Korean Startup and Technology News . The post Legal Translation AI ‘Bering Lab’ Secures $2.3 Million in Pre-A Investment from SBVA & Others appeared first on KoreaTechDesk | Korean Startup and Technology News . #koreatech #Tech #koreastartup #KoreaTechnews #Koreastartupnews

Would you like to master the intricacies of Crowdin Enterprise and optimize your translation workflows? Then we have something for you! Yes, that's right, you read that correctly. Don't go away! ⬇️⬇️⬇️ In just 8 hours of intensive training, with 80% hands-on and 20% theory, you will learn how to: ✅Navigate and configure Crowdin Enterprise: from the basics to advanced configuration and process automation. ✅Optimize collaborative workflows: Manage tasks efficiently and improve team collaboration. ✅Leverage artificial intelligence and machine translation: Boost the speed and accuracy of your projects. ✅Integrate tools and automate processes: Learn how to use Crowdin API, Google Drive integrations, and more. If you are: 🔘A new Crowdin user who needs a structured introduction to the platform. 🔘An experienced user looking to dive deeper into advanced features. 🔘A project manager, localization team, technical writer, content creator and developer who wants to optimize their workflows and collaboration. Not to be missed! Places are limited. Sign up now, they’re flying off the shelves!✈️ 📅 Date: September 23 to 26, 2024. ⏱️ Time: 6:00 - 8:00 pm CET. 🖥️ Mode: 100% online with live sessions. 📜 Certificate: You will receive a certificate of completion upon finishing the course. ✅Book your spot here: https://lnkd.in/dgctDkef Let’s rock it!!! 🙌 #CrowdinEnterprise #ProjectManagement #Localization #Translation #LearnAndGrow #TranslaStars #LocalizationStrategy #LanguageServices #TMS #WorkflowOptimization #AI #MachineTranslation #OnlineTraining #Crowdin #LanguageTechnology

At TransPerfect, we’re committed to continually contributing to the localization industry with business-critical capabilities like advanced AI integration to enable enterprises to simplify multilingual content production and management. Our latest GlobalLink TMS is designed to excel at leveraging Bedrock to elevate your localization workflows to the next level. To get there, TransPerfect worked with Amazon, using GlobalLink and Bedrock for transcreation, post-editing, content optimization, and quality review of multilingual content. Our results demonstrated up to 80% faster project management turnaround times and a 40% reduction in overall costs, all while allowing human-in-the-loop steps. With this AI-driven partnership, GlobalLink enables its users to streamline workflows and reduce overall translation costs, ensuring faster and more efficient content delivery. 🚀🌍 #AI #Translation #GlobalLink #AmazonBedrock

Learn how memoQ AGT is contributing to HubSpot's international growth strategy. By moving beyond traditional machine translation, HubSpot’s localization team is now able to scale their efforts, expand language coverage, and provide accurate, context-specific translations. Click below!

📍 What a day at the Hilton London Wembley today for #AdCon2024! 👏🏼 As the Founder & CEO of LingvoHouse Translation and Localisation, a leading LSP with many clients in the Marketing & Advertising industry, I came to see how we as a Translation & Localisation LSP should align our #localisation solutions to keep us with what brands want these days and also to learn for myself (a leader of a business working in ultra-competitive market) how to outsell even the biggest #brands. 📲 📝 I’m excited to share my key takeaways from today: 🔹Position Yourself as an Authority: Jon Penberthy showed us how to become an authority in any niche, even in a super crowded market. 🔹Create Irresistible Offers: Learned from Jon how to craft offers that outsmart and outsell even the most established competitors, love this one the most personally. 🔹Launch for Maximum Impact: Jon provided a foolproof plan for ensuring our offers make a significant impact. 🔹Advanced Traffic Generation: Alisha Conlin-Hurd 🔥 shared methods to minimise ad spending while dramatically increasing qualified leads, again something super useful for my own business 🔹Attract Dream Clients: Alisha also taught us efficient ways to attract ideal clients without wasting time on unqualified leads. 🔹Build a Huge Email List: Adam Stott explained the Halo effect and how to grow an email list filled with pre-sold prospects ready to buy which is super useful for a business with high customer acquisition costs. These insights are invaluable for enhancing and driving business growth for LingvoHouse and other startups. Special thanks to the organisers and Jon Penberthy for the exceptional day. It’s been super valuable. 👌🏽 What now? 🌏 I am keen to connect with #marketing and #ad executives working on taking their brand beyond the home market, something any successful business will do sooner or later. This is where we can help! 😊 LingvoHouse Translation and Localisation , an agile and tech-empowered Language Services Provider (LSP), combines the technological, accreditation, and human resource capabilities of super agencies with the agility and customer focus of a micro provider. We excel in managing complex projects of any size that require the integration of AI tools, skilled linguists, and expert project management. I am open for a chat 👉 https://lnkd.in/eQyySGyQ  #AdCon2024 #Advertising #Innovation #Networking #BusinessGrowth #LingvoHouse #DanHenry #AlishaConlinHurd #JonPenberthy #customeracquisition #leadgen #AdamScott

Welocalize >> Cloudwords (TMS) --------------------------------------- Another translation management system (TMS) acquisition! The deal is not yet official news and has not been announced yet, so it is hot news! You heard it first on this channel :) Welocalize is one of the top-10 language services companies in the world, quickly gravitating towards data for AI services. In technology, it runs primarily on commercial XTM and Pantheon, an in-house business management software. Cloudwords is a localization platform focused on marketers, with CMS connectors and crowd localization capabilities. Founded in 2010 and funded to a respectable tune of $14.4 million, Cloudwords is estimated to be a smaller business among the TMS, holding a position just on the edge of the global top 20. Why does Welocalize need Cloudwords? Let's crack this puzzle! Cloudwords hasn't been growing explosively, and it's operating for 14 years. What changed? It could be either worsening market conditions or the buyer adding capabilities. Unlike other top LSPs TransPerfect and RWS, Welocalize used to be TMS-agnostic, working with the best technology on the market but not tying the clients to one preferred TMS. Now that's about to change with the new OPAL offering. The deal is reminiscent of Straker acquiring Lingotek TMS in 2021 at a very advantageous valuation, and Lionbridge acquiring crowd translation platform Gengo in 2019. In language, tech companies often merge into LSPs, and Cloudword's story has reached the same destination. #tms