Memsource a.s.
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Memsource a.s. - overview
Established
2010
Location
Prague, -, Czech Republic
Primary Industry
Software
About
Memsource a. s. is a provider of translation and localization software, enabling businesses to manage multilingual content efficiently across global markets. Their platform integrates advanced tools catering to diverse organizational needs.
Founded in 2010 in Prague, Czech Republic, Memsource a. s. specializes in localization and translation software. The company has secured funding through two notable deals, with the most recent being a Growth round in June 2022, where Carlyle Group invested EUR 15 million, bringing the total amount raised to EUR 15 million.
The company is led by CEOs David Čaněk and Georg Ell. Memsource offers a comprehensive suite of localization and translation software designed to facilitate the management of multilingual content. Central to their offerings is the Phrase Platform, which includes tools like Phrase Studio for multimedia localization, Phrase TMS for translation management, and Phrase AI for automated translation. These solutions enhance customer engagement and support business growth by ensuring content accessibility in preferred languages.
The platform integrates with over 50 industry-leading tools, serving a global clientele that spans small businesses to large enterprises, with notable customers such as Deliveroo, Zendesk, and BlaBlaCar. In the most recent year, Memsource generated revenue of EUR 9,255,376. 50 with an EBITDA of EUR -3,408,082. 40.
The company operates on a subscription-based model with tiered pricing plans that cater to varying organizational needs, primarily focusing on enterprise customers who require robust localization processes. Following the recent investment of EUR 15 million from Carlyle Group in June 2022, Memsource plans to bolster its growth through product development and international acquisitions. The company aims to expand its offerings and enter new markets, although specific regions and timelines have not been disclosed. The funding will be utilized to support these growth initiatives, ensuring Memsource can enhance its product suite and broaden its footprint in the localization industry.
Current Investors
Carlyle Group
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Systems Management Software
Website
www.memsource.com
Verticals
Artificial Intelligence, Cloud Computing, Mobile Apps
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Memsource a.s. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Memsource a.s. | - | ||||||||
| Add-on | Completed | Phrase | - | ||||||||
| Buyout | Completed | Memsource a.s. | - |
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