STIC Investment, SoftBank Korea et al. acquire Systran

The consortium also includes Korea Investment Partners and Korea Investment Securities, and will take a majority of the shares in the company, with a 51% holding.

STIC has a portfolio of more than 70 companies and $4.5bn in assets under management.

The fresh capital will go towards increasing delivery speed and geographic footprint.

Previous funding
CSLI, a privately held South Korean translation software developer, acquired Systran for $53.6m in 2014. STIC, Korea Investment Partners, and Korea Investment & Securities also invested in the deal.

Company
Founded in 1968 and based in Paris, Systran aims to help organisations enhance multilingual communication and increase productivity. It delivers specialised language products and services for collaboration, search, electronic discovery, content management, customer support, e-commerce, and localisation projects. It employs 145 people, according to LinkedIn.

People
Systran – Jean Senellart (CEO).

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