Lionbridge, a Waltham, Mass.-based global communications platform, acquired Gengo, a Tokyo, Japan-based edge technology company providing crowdsourcing, machine learning and localization services to global customers.
The amount of the deal was not disclosed.
Led by John Fennelly, CEO, Lionbridge leverages 500,000 linguistic experts to enable largest companies to expand their businesses on the global stage by providing machine learning data to make their platforms and products smarter and create content for a variety of industries.
The acquisition of Gengo, which includes Gengo.ai, the company’s platform that provides AI training-data services delivered by a fast and efficient crowdsourced network of specialized contributors, will strengthen Lionbridge’s position in the machine learning and content relevance markets.
Founded in 2008 and led by CEO Matthew Romaine, Gengo brings automation and advanced technology solutions to companies like BuzzFeed, TripAdvisor, Eventbrite, and major ecommerce and travel businesses for translation and localization projects of all sizes.
Romaine and the rest of the Gengo team will join Lionbridge post transaction and assume key leadership roles in the company.
The acquisition is the first for the company following H.I.G. Capital’s purchase of Lionbridge in May 2017. The purchase amount was not disclosed.
Gengo had raised $26M in venture funding from investors Intel Capital and Atomico.
FinSMEs
17/01/2019