Acquisition

EasyTranslate Acquisition news – Copenhagen-based EasyTranslate has Acquired Nordic WorldTranslation

Sep 9, 2024 | By Team SR

Translation company EasyTranslate has acquired Nordic WorldTranslation, in a deal that allows them to combine their language expertise. While the exact terms of the acquisition were not disclosed, it says that the company’s annual revenues will consequently double to more than €10 million and is the next milestone in EasyTranslate’s development.

SUMMARY

Translation company EasyTranslate has acquired Nordic WorldTranslation, in a deal that allows them to combine their language expertise.
They at EasyTranslate are experts at fusing human knowledge with artificial intelligence.

The business has already raised €6.3 million in total capital funding. The acquisition will hasten the corporate adoption of it's patented technology, known as HumanAI, which combines the consistency and caliber of human experience with the effectiveness and speed of AI.

The 28 full-time employees of WorldTranslation are transferred to EasyTranslate, which will use this integration to enhance its SaaS and e-commerce clientele and fortify its growth base.

RECOMMENDED FOR YOU

Spain

[Funding alert] Barcelona-based Factorial Secures $80Million in Funding

Team SR

Apr 11, 2024

[Funding alert] VC Firm Vanagon Ventures Announces €30 Million Fund

Startuprise

Dec 5, 2023

Funding

OpenAI funding news – OpenAI, the Creator of ChatGPT Secures $6.6B in Funding

Team SR

Oct 4, 2024

The acquisition is the most recent phase in it's plan to take the lead in the translation services and technology sector. Pride Capital Partners, it's financial and strategic partner, provided support for this acquisition.

Frederik R. Pedersen, CEO, EasyTranslate said, "As we continue to push the boundaries of what’s possible in the translation industry, this acquisition represents a key step in our mission to combine the best of AI and human expertise. World Translation’s commitment to quality and deep understanding of clients’ needs aligns perfectly with our vision.”

HumanAI reduces turnaround times while maintaining the cultural subtleties and context that only human linguists can offer by automating tedious operations and streamlining translation procedures.

Ib Brandt Jørgensen, CEO of World Translation said, "Over the years, many of our employees have raised questions about how the rise of AI would shape our company and the industry. When I began discussions with Frederik, it became clear that EasyTranslate’s mission to keep humans at the heart of the translation process while leveraging AI was exactly the approach we needed."

About EasyTranslate

They at EasyTranslate are experts at fusing human knowledge with artificial intelligence. They still respect people above everything else, especially the amazing people that make up their team, even though AI is a major part of their business as a whole.