New York, NY, USA and Buenos Aires, Argentina, Jan 7, 2020 -- TransPerfect, a provider of language and technology solutions for global business, announced the acquisition of Chulengo, a Buenos Aires–based provider of dubbing, voiceover, post-production, and other audiovisual services. Financial terms of the agreement were not disclosed.
Chulengo will become a division of the TransPerfect family of companies and will continue to be led by Founder Javier Gore. Gore will take the new role of Division President and will join TransPerfect’s senior management team, reporting to Barnaby Wass, Senior Vice President.
Acquiring Chulengo is a major step in the company’s move to increase its global network of owned and operated studios. This deal complements TransPerfect’s existing infrastructure while providing a significant boost in Latin American production capabilities. Furthermore, it strengthens TransPerfect’s overall commitment to the market, including planned investments in technology solutions aimed at streamlining the media localization process.
Gore commented, "Our industry is changing at a pace that is sometimes faster than we can even imagine. TransPerfect has shown a unique understanding of the importance of introducing technology to every process and service. We believe that a revolution is coming, and we’re very happy that by joining the TransPerfect family, the Chulengo team will be a part of helping to lead it."
TransPerfect President and CEO Phil Shawe stated, "In our collaborations with Chulengo, we’ve been impressed with their professionalism and the level of service they provide. Welcoming them to the TransPerfect family is a significant step to strengthen our presence in Latin America and our global media localization network."
Posted by Veronica Silva Cusi, news correspondent
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: Thursday, January 9, 2020
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