The Czech startup Memsource is buying the German company Phrase

The transaction creates one of the largest players in the translation and localization tools market. This opens the door for Memsource to further develop its product portfolio, expand into new markets and expand the number of its customers.

Based in Prague, Memsource is one of the world’s largest providers of translation solutions that help global companies and translation agencies automate the translation process. Memsource includes patented artificial intelligence solutions that make the translation process faster and less expensive, while increasing the quality of the resulting translation. The translation software provided by Memsource is also used by the largest players in the market, such as Uber, Zendesk, Supercell or Vistaprint.

Phrase, based in Hamburg, Germany, is a provider of tools for localizing software, websites and mobile applications. The merger of Memsource and Phrase will create one of the largest players in the translation and localization tools market. The transaction significantly expands Memsource’s product and customer portfolio, as well as expanding its presence in Germany.

The editors reserve the right to remove obscene and inappropriate posts. Possible reservations for discussions (at) pctuning.cz


Source: PCTuning.cz RSS by pctuning.tyden.cz.

*The article has been translated based on the content of PCTuning.cz RSS by pctuning.tyden.cz. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!