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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.