Full service translation, interpreting and localization company, TRANSLIT, has secured half a million euro in funding through private equity firm, Clashrock Capital.
Headquartered in Cork, with offices in Dublin and Limerick, TRANSLIT has an impressive portfolio of national and international public and private sector clients. The company, which employs translators and interpreters all around the world, has significant expansion plans, which include a new technology platform, to provide best-in-class translation and interpreting services on-demand.
Founded by Martin Fitzgerald in 2015, Clashrock Capital is a private investment vehicle backed by some of Ireland’s leading entrepreneurs and most experienced business brains. Thisinvestment will see Dave Ronayne, Mainport Group and Frankie Whelehan, Chesway Group working closely with the TRANSLIT management team, led by CEO Alex Chernenko.
‘The global language services market is a multi billion euro industry; we were attracted to invest in TRANSLIT having recognised their extensive international portfolio of clients, an exceptional network of international interpreters and translators, and proven leadership of CEO Alex Chernenko for the last 9 years. The new TRANSLIT technology platform will provide global market access and enable this business to scale rapidly internationally. With this investment, and experience and vision of the Clashrock’s backers, we see huge market opportunity for this established and proven player to dominate the international language services market,” said Martin Fitzgerald, Clashrock Capital.
In Ireland, TRANSLIT provides services for leading corporates from Johnson & Johnson to Allergan, as well as the Department of Foreign Affairs, Bord Bia, HSE and Legal Aid Board among others. International clients include KPMG, American Express, China’s Chemical Inspection & Regulation Service, Japan’s leading telco IIJ, Avara Pharmaceuticals and Novartis among others.
“TRANSLIT is already providing translation and interpreting services in over 70 languages all around the world, and we know that the potential to serve the language market is even greater using the new TRANSLIT platform. It will drive and support our growth in the corporate market, making it easier for companies doing business to acquire experienced, qualified and accredited TRANSLIT translators and interpreters. Doing business in any language will be now easier, faster and more efficient than ever before with TRANSLIT as partner,” said Alex Chernenko, CEO TRANSLIT.
Apart from translation and interpreting, TRANSLIT provides a wide range of language services such as website localisation, document legalisation and voiceover.