MultiLing, a Provo, Utah-based translation services provider specializing in intellectual property (IP) and technical materials for global enterprises, received a $10.3m minority equity investment from Frontier Capital.
The company intends to use the proceeds to continue to expand worldwide with multinational companies.
Founded in 1988, and led by Michael Sneddon, chief executive officer, Lyle Ball, chief operating officer, and Todd Rapier, executive vice president of sales, MultiLing specializes in translation and localization for the patent, IT, chemical, medical technology, biotechnology and automotive industries. It translates documents into more than 80 languages in 120+ countries.
Current clients include Dell, Procter & Gamble, Siemens, TYCO, Münchener Rück, LSI Corporation and Promise Technology. .
The company has more than 1,400 employees and contractors, more than half of its in-country native-speaking translators hold either a PhD or master’s degree in scientific fields relevant to global enterprises. It has seven global offices in China, Germany, Italy, Japan, South Korea, Peru and the United States.