Largest LSP breaks billion-dollar barrier
Long-time industry leader TransPerfect just revealed that the company reached USD 1.1 billion in revenue in 2021. This is up from USD 852.4 million in 2020 and an increase of more than 30 percent year-over-year.
Adaptive Globalization Announces 2022 Best Employers in Localization Awards
Earlier this week, the United Kingdom-based company Adaptive Globalization announced the winners of the 2022 Best Employers in Localization Awards (BELA), which award language service providers (LSPs) who provide employees with outstanding benefits and resources. This year, Sandberg Translation Partners and Capita Translation and Interpreting were awarded with the BELA for Overall Best Employer.
Jorge Rodriguez joins Sorenson as CEO
Executives say Rodriguez is a good match for Sorenson, a provider of video-interpretation services with a specialization in hard-of-hearing and Deaf-specific communication. Rodriguez enters the position with a wealth of business experience, which will no doubt prove invaluable as the company begins a busy year.
DeepScribe lands $30 million investment in transcription AI
Tech Crunch reports that DeepScribe has landed $30 million in Series A funding, primarily from Nina Achadjian at Index Ventures. Existing investors Stage 2 Capital, 1984 Ventures and Bee Partners, plus newcomers Scale.ai CEO Alex Wang and Figma CEO Dylan Field, are also in the mix.
SubtitleNEXT introduces new features in 5.11 update
A subtitle toolset developed by PBT EU, SubtitleNEXT opens the year with a major update in its Version 5.11 release. Despite hurdles presented by the pandemic, the new update brings a host of new tools for software users.
Language I/O announces $6.5 million in Series A funding
A woman-owned LSP, Language I/O CEO Heather Morgan Shoemaker told MultiLingual that this funding is a major milestone for the company, especially given the fact that female-identifying founders receive a slim minority — according to Inc., just 2.3% in 2020 — of venture capital (VC) funding.
KUDO integrated directly in Zoom
An integrated KUDO means anyone looking for human simultaneous interpreters can find them directly in Zoom like never before. As the press release states, "by integrating Zoom into KUDO, KUDO has made it seamless and simple for KUDO's users to easily leverage their network of certified interpreters in Zoom meetings."
Straker announces IDEST acquisition
If this week is any indication, the new year should be just as busy as 2021 for language industry acquisition announcements.
Straker Translations, a New...
Do you ever give your customers international business advice?
One of the toughest tasks has been to bite my tongue when advice falls outside of the linguistic realm. Luckily, I have close relationships with a lot of my business partners, so I occasionally contribute to their success with some key recommendations. What are some of the things you wish you could consult your clientele about when it comes to starting an international expansion?