Reddit's IPO at one week: how it compares to other social media IPOs
While Reddit's had the second highest IPO price, it raised by far the least amount of money
Read more...Welocalize, an on-demand provider of translation, localization and internationalization services, announced this week that it has raised a $34 million round from Boston-based private equity firm Riverside Partners. Riverside focuses on middle market health care and technology-oriented companies.
Founded in 1997, Welocalize works directly with clients’ authors from the very beginning of content creation, maintaining that such an approach ensures a higher quality localization effort. The Frederick, Md.-based company provides almost every kind of translation service, from machine to crowdsource to professional translators.
The new investment will support Welocalize growth initiatives including investment in the company's technology systems and potential add-on acquisitions.
Today, Welocalize serves a number of high-profile clients, including Canon, IBM, Microsoft, and more. With over 400 employees worldwide, Welocalize maintains 9 offices in the United States, Germany, Ireland, Japan and China.
While Reddit's had the second highest IPO price, it raised by far the least amount of money
Read more...The company works with employers to offer substance abuse management as a benefit
Read more...The company added Trip Hofer, former CEO of Optum Behavioral Health Solutions, to it board
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