Copenhagen-based tech innovator EasyTranslate has made a significant stride in the translation industry by acquiring Nordic powerhouse WorldTranslation. This strategic move not only solidifies EasyTranslate’s position in the European market but also propels the company’s annual revenues to an impressive €10 million.
The details of the acquisition remain under wraps, but EasyTranslate has confirmed that this union marks a pivotal milestone in its growth trajectory. With this expansion, the company brings on board WorldTranslation’s dedicated team of 28 full-time professionals, enhancing its capabilities and broadening its customer base across SaaS and e-commerce sectors.
EasyTranslate’s journey has been marked by notable achievements, including raising €6.3 million in capital funding and receiving glowing recognition from Forbes last year. Adding to its accolades, CEO Frederik R. Pederson was recently appointed to the Forbes Technology Council, further highlighting the company’s influence in the tech landscape.
This acquisition aligns seamlessly with EasyTranslate’s mission to lead the market in translation technology and services. Supported by Pride Capital Partners, the deal underscores the company’s commitment to merging cutting-edge AI with human expertise. “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,” said Frederik R. Pedersen. He emphasized that WorldTranslation’s dedication to quality and client understanding perfectly complements EasyTranslate’s vision.
At the heart of this expansion is HumanAI, EasyTranslate’s proprietary technology that marries the speed and efficiency of artificial intelligence with the nuanced understanding of human linguists. By automating repetitive tasks and streamlining translation workflows, HumanAI not only reduces turnaround times but also preserves the cultural and contextual subtleties essential for accurate global communication.
For clients, this means access to faster, more reliable translations without compromising on quality. The integration of WorldTranslation’s expertise enhances EasyTranslate’s offerings, ensuring that businesses can maintain high standards of accuracy and relevance in their multilingual communications.
Ib Brandt Jørgensen, CEO of WorldTranslation, shared his enthusiasm about the merger: “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.”
This acquisition not only doubles EasyTranslate’s revenue but also sets a robust foundation for future innovations and market expansion. As the company continues to integrate WorldTranslation’s strengths, it is well-positioned to lead the translation industry into a new era where technology and human expertise work hand in hand to meet the evolving needs of global businesses.
The combined forces of EasyTranslate and WorldTranslation promise a dynamic and efficient translation service, ready to meet the challenges of an increasingly interconnected world. This partnership is a testament to EasyTranslate’s vision and its unwavering commitment to excellence in the realm of translation technology.
