News : TransPerfect Acquires Minority Stake in G3 Translate
New York, NY, USA, July, 2019 -- TransPerfect, a provider of language and technology solutions for global business, announced an expansion of the company’s focus in the market research industry vertical by making a strategic investment in G3 Translate. The deal reunites G3 Translate Co-Founder and CEO Nancy Hernon with TransPerfect, where she had earlier spent five years in a management role. Financial terms of the agreement were not disclosed.
G3 Translate was co-founded in 2006 by Hernon and fellow language industry veteran John Labati. The company provides a variety of services including translation, interpretation, and cultural consulting.
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Hernon stated, "TransPerfect is a clear market leader with advanced technology and a broad global footprint, and G3 Translate is considered the go-to resource for market research language services. This collaboration will be a huge benefit to our clients who seek market research and insights. My team and I are elated and extremely eager to work closely with the TransPerfect team. It’s immensely satisfying to be reunited with such an amazing group of people."
Kristyna Marrero, TransPerfect’s Vice President of Production, said, "We are extremely excited about the benefits that this partnership will bring to our clients and the teams at G3 Translate and TransPerfect. G3’s industry expertise combined with TransPerfect’s widely used technologies and global network of resources will allow us to provide enhanced service offerings with industry-leading efficiency."
TransPerfect President and CEO Phil Shawe remarked, "Having worked with Nancy for many years, I view this transaction as a bit of a homecoming. We are excited to be working with her and the entire G3 team."
Posted by Veronica Silva Cusi, news correspondent
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With annual revenues of more than $400 million, TransPerfect is the world's largest privately held provider of language services and technology solutions. From offices in more than 85 cities on six continents, TransPerfect offers a full range of services in 170 languages to clients worldwide. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and EN 15038 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong.
Published: Wednesday, July 3, 2019