Sony Sells Business Unit to Media Localizer Deluxe – via slator.com

Media localization and distribution company Deluxe has acquired Sony Electronics’ New Media Solutions (NMS) division. The terms of the deal, which closed on March 31, 2021, remain undisclosed.Sony NMS provides digital media supply chain capabilities, while Deluxe is an end-to-end solutions provider, which covers cinema, distribution, and localization services including...

Iyuno-SDI Gets USD 160M Boost from SoftBank only Weeks After Transformative Deal – via slator.com

On April 9, 2021, media localization provider Iyuno-SDI Group announced that they had secured a USD 160m investment from SoftBank Vision Fund 2.Iyuno (as the company was known until late March 2021) was founded in 2002 by current Group CEO David Lee; and was bootstrapped until 2018 when they received...

Lengoo Raises USD 20m Series B From Inkef on AI Agency Investment Thesis – via slator.com

On February 10, 2021, Lengoo announced that it had closed a USD 20m Series B round led by Amsterdam-based Inkef Capital. This brings total funds raised by the Berlin-based language service provider to USD 34m.The Series B, which closed on January 29, 2021, drew existing investors Redalpine, Creathor Ventures, and...

US Investment Firm K1 Buys Majority Stake in XTM International – via slator.com

On February 11, 2021, UK-based translation management system (TMS) provider XTM International announced the sale of a majority stake in the company to K1 Investment Management. The terms of the transaction, which concluded on January 22, 2021, are undisclosed.XTM was founded in 2002 by CEO Bob Willans and CTO Andrzej...

Smartling CEO Jack Welde on Embracing MT and Scaling with Customers – via slator.com

Smartling CEO Jack Welde joins us for SlatorPod #58 to talk about technology-enabled language services, scaling with fast-growing customers, the M&A and funding wave sweeping the translation management landscape, and much more.Jack shares why Smartling’s attitude toward machine translation shifted from “MT bad” in 2010 to fully embracing the technology...

Website Localization Provider Motionpoint Lands Investment From Lightview Capital – via slator.com

Florida-based multilingual website technology company MotionPoint announced on March 31, 2021 that it had secured an investment from private equity firm Lightview Capital. The transaction closed on the day of the announcement. The amount of the investment and MotionPoint’s valuation remain undisclosed.Will Fleming, CEO of MotionPoint, told Slator that, as...

Match.com Pays a Cool USD 1.7 Billion for Startup Built on Google Translation API – via slator.com

Online dating powerhouse Match Group (Match.com) has acquired Seoul-based tech company Hyperconnect for an impressive USD 1.73bn — its biggest purchase to date. The deal is expected to close in Q2 2021. Hyperconnect markets itself as enabling real-time conversations among users who speak different languages. The startup developed two apps,...

Multilingual Content Provider Quill Folded into Marketing Agency Jellyfish – via slator.com

Multilingual e-commerce content provider, Quill, will be completely integrated into Jellyfish. Quill is one of five companies being folded into the London-based digital marketing agency, according to a February 23, 2021 announcement on the Jellyfish website. Ed Bussey, Founder and CEO of Quill, has joined Jellyfish as Chief Solutions Officer...

Media Localizer ZOO Digital Raises GBP 7.4m, Sees End-Markets Accelerate – via slator.com

UK-based media localization company ZOO Digital raises USD 10.3m in oversubscribed share placement to grow internationally and develop “longer-range” R&D. The post Media Localizer ZOO Digital Raises GBP 7.4m, Sees End-Markets Accelerate appeared first on Slator. Source link

Multilingual Video Conferencing Startup KUDO Raises USD 21m in Series A – via slator.com

New York-based multilingual conferencing platform, KUDO, announced on March 30, 2021, that it had closed a series A round of USD 21m. Led by Menlo Park-based VC, Felicis Ventures, the round also attracted investors such as Maverick Ventures, Elephant VC, FJ Labs, Global Founders Capital, and Pershing CEO Bill Ackman....