News
September 21, 2016Lingualinx Acquires Language Translation, Inc.
LinguaLinx, Inc., a language translation provider recognized as one of America’s fastest-growing companies by Inc. Magazine, announced today its acquisition of Language Translation, Inc. (LTI). The acquisition will allow LinguaLinx to tap into new sources of revenue and continue its aggressive growth in the language translation industry.
“Our growth to date has been organic,” Jonathan Smith, chief operating officer at LinguaLinx explained. “We have strategies in place to keep growing organically, but we realized it’s time to diversify our revenue streams. Acquisition is one more tool in our arsenal that we will use to maintain a strong position in this extremely competitive industry.”
The acquisition is expected to diversify LinguaLinx’s geographic presence and time zone coverage. LTI is a California-based company, and its location will increase LinguaLinx’s west coast presence. The benefit of expanding time zone coverage allows the translation provider to meet clients’ needs more efficiently, and exposes LinguaLinx to more projects. In addition, the acquisition will benefit LTI’s current clients, as they will have access to LinguaLinx’s expansive service offerings.
“LTI has a culture that is very similar to LinguaLinx, so it’s a fit,” said Jim Maziejka, director of sales at LinguaLinx. “It’s always great to have more boots on the ground that are capable of getting out and meeting with clients face-to-face. That has always been the way we do things here.”
The acquisition will provide positive growth for both LinguaLinx and the companies that rely on LTI for their translation services. The translation provider has developed a continuity plan for LTI’s current clients so that there are no service disruptions or pricing changes.
