Straker Translations Acquires Lingotek
January 21, 2021
New Zealand-based Straker Translations (ASX: STG) has acquired Lingotek, a Lehi, Utah–based translation management system (TMS) and language services provider, in a cash-and-stock transaction. The deal brings Lingotek's SaaS TMS, enterprise customers (including Oracle and Nike), and U.S. team into Straker's AI-powered RAY platform to accelerate Straker's expansion in the U.S. and broaden its technology and service capabilities. 7 Mile Advisors acted as exclusive sell-side advisor and Lingotek's investor Signal Peak Ventures was a selling party.
- Buyers
- Straker Translations
- Targets
- Lingotek
- Sellers
- Signal Peak Ventures
- Industry
- Cloud & SaaS
- Location
- Utah, United States
- Transaction Type
- Buyout
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