Technicis acquires TextMaster
The Technicis Group – number one in Europe for professional translation – accelerates its pursuit of market share with the acquisition of TextMaster, the market leader in professional cloud-based translation.
This purchase endows Technicis with a first-rate technological asset while facilitating its expansion into the online translation market. With this operation, the Technicis Group reconfirms its development strategy, started in 2012, to become one of the top five translation companies in the world within two years.
Paris, 4 April 2018 - The Technicis Group – the number one European player in professional translation – is proud to announce the acquisition of TextMaster. This acquisition is part of the Group’s strategy to enhance its tech offering for its clients and translators while increasing its presence on the online translation market.
TextMaster, which was founded in 2011, is the number one Saas professional translation solution. TextMaster enables companies to accelerate their international development thanks to a single platform that combines proprietary AI technologies with a worldwide network of expert translators. In just under six years, TextMaster has become the leading online translation company in Europe thanks to its presence in France, Belgium, Germany, the Netherlands and Italy, and boasts over 12,000 clients in 150 countries worldwide.
The company’s clientele includes well-known brands such as vente-privee, Estée Lauder, Maisons du Monde and Club Med.
The acquisition of TextMaster by the Technicis Group serves as further recognition of its success following year-on-year growth of over 100% since its inception and an annual turnover of €7 million, 30% of which is generated abroad. TextMaster’s capital investors (Serena Capital, Alven and eFounders), founders and business angels are selling their shares of the business in the takeover.
“I am delighted about this deal, which culminates five years of intense technological and sales development”, says TextMaster CEO Thibault Lougnon. “TextMaster, which very quickly went from €0-€7 million in turnover, now has the industrial resources to accelerate its development even further and join Technicis at the top of the global market”.
According to Technicis Group CEO Benjamin du Fraysseix, “TextMaster caught our attention right away for two reasons: their powerful technology, which is among the very best on the market, and the youthful, dynamic and roughly 40-strong team accelerating the group’s digitalisation. We are excited to welcome TextMaster to the Technicis Group and to reinforce our presence in the European market”.
This is the latest of the Group’s acquisitions following V.O. Paris (2012), Cogen (2015), Translation Probst (2016) and Arancho Doc (2017). TextMaster will remain autonomous, and will continue to operate under the same name.
With 320 employees spread throughout France, Switzerland, Belgium, Italy, Spain, Finland, the Czech Republic and Canada, the Technicis Group aims to achieve a turnover of €60 million in 2018. With a portfolio of over 2,500 clients, the group works with the majority of CAC 40 companies, as well as large European and American groups. Now among the top ten translation companies in the world, the Group’s new ambition is to become part of the top five in the next two years thanks to further acquisitions.
Ludivine Thomas - lthomas(@)technicis.fr
Victoria Weidemann - [email protected]