BANGALORE, September 7, 2016 /PRNewswire/ --
Mayflower Language Services Pvt. Ltd., India's leading language service provider has entered into a partnership with Summa Linguae (SUL), a Polish language service provider. The partnership sees the two LSPs take a minority stake of 25% in each other. While both the firms are already delivering growth independently, this partnership will bring dramatic acceleration. Following the transaction, Mayflower and SUL will start operating closely, coordinating their business strategies. As a result, the companies will not only generate cost and revenue synergies, but they will also expand their existing range of services in new language pairs. This partnership will be able to cater to clients with more complex needs and higher expectations.
India-based Mayflower Language Services, was established in 2003 and has been providing its services to over 1000 clients worldwide helping businesses succeed globally. Mayflower has its presence in Asia and the US.
Established in 2011, Summa Linguae is a Poland-based language service provider, who is very active in Poland's public procurement market and is also starting to gain traction with the EU's giant tender machine.
This partnership will strengthen the operations of Mayflower and Summa Linguae while providing the ease of access for each into the European and Asia-Pacific markets respectively.
"The partnership with Summa Linguae opens up new opportunities for both the firms. This will enable us to cater to complex needs of clients while giving us mutual access to new markets. It will help drive forward future industry initiatives that will seek to increase efficiencies, simplify market operations and bring increased value for the benefit of market participants and customers," said Madhuri Hegde, Founder and CEO of Mayflower Language Services on this partnership.
"Combining our potential with that of Mayflower, which is successful in the country whose economy is growing so rapidly opens global markets for us. We will gain credibility and increase our capacities to execute contracts; which is absolutely crucial for companies that want to eventually compete on international markets and generate revenue that would place us among Top 100 of the largest language service providers worldwide," said Krzysztof Zdanowski, CEO at Summa Linguae, after signing the agreement.
This partnership is a strategic move to enhance and accelerate the growth and reach of the organizations. Summa Linguae is focusing on increasing sales to corporate clients in order to decrease the company's dependence on the public sector and reach out to a wider audience. On the other hand, Mayflower is looking to enter the European Market. This partnership is a step in the right direction for both the firms to strike the right balance in worldwide operation.
About Mayflower Language Services:
Established in 2003, Mayflower Language Services is an ISO certified organization, helping companies succeed in global markets. Mayflower Language Services, one of the five largest translation agencies in India, is one of the few major Indian companies founded and run by a woman. Serving over 1000 satisfied clients worldwide, Mayflower specializes in software, document, eLearning and video localization, staffing, voiceovers and subtitling. With an employee strength of 86, Mayflower's four 'Centres of Excellence' use the latest technology and innovation to serve customers with speed, quality, accuracy and integrity to deliver outstanding results.
For more details, please visit: http://www.mayflowerlanguages.com
About Summa Linguae:
Summa Linguae is a Poland-based language service provider specializing in translation, localization and intercultural communication. Summa Linguae are in the national forefront in terms of revenues, as well as the number and value of awarded public contracts. According to the Book of Lists it is rated 6th on the list of the largest Polish translation agencies in terms of revenue. Summa Linguae was founded in 2011, taking over two translation agencies at a time - Spectraling and Busy B. In subsequent years, another three players operating on the translation market have been taken over. They employ a total of more than 30 employees in their locations in Warsaw and Krakow. Summa Linguae is the only Polish translation agency listed on the Warsaw Stock Exchange.
For more details, please visit: https://summalinguae.pl/
Mayflower Language Services
SOURCE Mayflower Language Services Pvt Ltd.