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Welocalize raises $34M round for translations

On-demand provider of multifarious translation services picks up big round from Riverside Partners

Financial trends and news by Ronny Kerr
November 23, 2010
Short URL: http://vator.tv/n/1411

welocalize

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.


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