LanguageWire was founded in 2000 and is today one of the leading tech-enabled Language Service Providers (LSPs).
Frederiksberg, Denmark – 19 August 2021: Bridgepoint Development Capital is partnering with LanguageWire (“LanguageWire” or the “Company”) by acquiring a majority shareholding in the Company. The partnership with Bridgepoint provides support for LanguageWire’s continued development and ambitious growth plans, which will be headed by the existing senior leadership, and it is a testament to LanguageWire’s market leading and differentiated positioning.
LanguageWire was founded in 2000 and is today one of the leading tech-enabled Language Service Providers (LSPs). LanguageWire offers a language management ecosystem enabling enterprises to engage and communicate with any audience across the globe through bespoke AI technology and human expertise. LanguageWire has been profitable since its inception and today has an annual revenue of more than €60 million.
In 2017, the Danish private equity fund CataCap acquired a majority stake in LanguageWire. At the time, CataCap intended to take LanguageWire through a step change within the next 3-5 years. Through organic growth and strategic acquisitions, LanguageWire has grown revenue by more than 125%, quadrupled earnings (EBITDA) and expanded the number of employees from 150 to more than 400.
Through hard work and dedicated people, our strategic ambitions from 2017 have been more than realised and we truly believe LanguageWire is positioned to continue its successful development with Bridgepoint as a partner. I would like to thank the entire LanguageWire organisation for their dedicated effort in continuously striving to improve products, service- and quality levels towards LanguageWire’s customers and business partners”, said Rasmus Lokvig, Partner at CataCap.
High growth potential in the coming years
The global market for language service providers now comprises over €20 billion annually, and forecasts indicate an annual growth of more than 6% going forward, not least driven by the growing need for multilingual digital content and ways to automate content flows. Under the new ownership, LanguageWire will continue to build on its position as a leading technology-enabled LSP with the ambition to grow organically and through acquisitions.
We have been following the language service sector closely for some time and are very impressed by LanguageWire’s journey to date. Today, the Company holds a leading position through its technology-enabled service offering, combining state-of-the-art technology with skilled employees and its committed leadership team, and we look forward to partnering with the Company during its next chapter of development”, said Johan Dahlfors, Partner at Bridgepoint Development Capital and responsible for investment activities in the Nordic region.
CEO of LanguageWire, Søren Bech Justesen, has been part of the journey since 2019.
We’ve had a great collaboration with CataCap, where we the last four years have made a step-change for LanguageWire in the transformation of becoming a tech-enabled market leader in the LSP market. We are excited to have Bridgepoint as our new majority shareholder and are confident that they will be a strong partner for LanguageWire on our ambitious development journey going forward. Personally, I am proud that we have attracted an investor such as Bridgepoint, who believes in our strategic direction, our leadership and our organisation, and we very much look forward to further develop and grow LanguageWire together with the Bridgepoint team”, said Søren Bech Justesen, CEO at LanguageWire.
The transaction is subject to standard competition clearance.