TransPerfect Translations GmbH

TransPerfect is a professional translation and localization services provider that enables businesses to effectively communicate across global markets, offering solutions in over 200 languages. Founded in 1992 in Berlin, Germany, TransPerfect specializes in translation and localization services. The company was started by Alex Ross, Alexandros Poulis, Erwan Drouet, Patrick Kuiper, Radoslaw Jez. Alexander Khokhlov currently serves as CEO.

TransPerfect has completed 1 deal, with the most recent deal occurring on May 7, 2018. TransPerfect specializes in providing professional translation and localization services that enable organizations to connect with their audiences across diverse geographical markets. Their core offerings include translation, website and app localization, multilingual creative services, and sophisticated content management through their proprietary GlobalLink technology. The aim is to facilitate seamless communication and enhance customer experiences in over 200 languages, ultimately addressing the challenges businesses face in global expansion.

TransPerfect serves a wide range of industries, including life sciences, retail, legal, travel, technology, finance, and entertainment, catering to an extensive client base that includes top-tier brands like United Airlines, AbbVie, and Marriott. The company operates internationally, providing its services across various markets including North America, Europe, Asia-Pacific, and Latin America. TransPerfect generates revenue through a B2B model, engaging with clients via service contracts, partnerships, and subscription-based offerings. The company’s transaction structure often involves retainer agreements for ongoing translation and localization projects, alongside one-time service fees for specific tasks.

Clients typically utilize their GlobalLink technology, which supports efficient management of multilingual content, resulting in reduced project costs. Their flagship services, such as AI and machine translation, document translation, and software localization, contribute significantly to their revenue streams. The pricing plans for these services are tailored to the specific needs of clients, reflecting the complexity and volume of projects undertaken. TransPerfect plans to enhance its offerings with upcoming products focused on optimizing translation processes and expanding its AI capabilities.

The company is targeting expansion into the Asia-Pacific region and Latin America by the end of 2023 to capitalize on emerging markets. Recent funding from the deal on May 7, 2018, will support these initiatives, allowing TransPerfect to invest in technology and infrastructure to better serve its growing client base.