#28 Memsource Goes Big, UK Mega Tender, Intento Seed Round, Jobs Decline Slows

In this week’s episode, Florian shares breaking news from the world of M&A and funding, as translation technology provider Memsource sold a majority stake to private equity giant Carlyle and machine translation matchmaker Intento raised USD 3m.

Esther discusses a nationwide mega-tender for language services due to launch in August 2020 in the UK: the pan-government RFP is worth GBP 110m over three years and is designed to replace an existing contract that has been extended due to coronavirus. Keen to get the procurement process right, the buyer is hosting a webinar at the end of July for suppliers to give input on how the RFP should be structured.

The two talk about Slator’s newly launched pro guide on How to Run a Translation and Localization RFP. If you’re a buyer keen to get your translation and localization procurement right, this guide is an indispensable resource for your organization and is packed full of practical insights on running an RFP.

Florian provides an update on the Slator Language Industry Job Index (LIJI). Since plummeting between March and May 2020, the downward trend has continued into July 2020, but shows signs of slowing as a restart in investments points to the beginnings of a recovery for the industry.

Links to the stories discussed

The Carlyle Group Invests in Translation Software Provider Memsource

Intento Raises $3 Million to Serve Increasing Demand of Global Companies for AI Transformation

UK Plans Translation and Interpreting Mega-Tender

Pro Guide: How to Run a Translation and Localization RFP

Decline in Slator Job Index Slows in July 2020