HIG Capital-backed Lionbridge completed the acquisition of Gengo.

HIG Capital-backed Lionbridge, a multinational software and professional services company, completed the acquisition of Gengo, a Tokyo-based technology company providing crowdsourcing, machine learning and localization services. Financial terms were not disclosed. "Gengo is a key acquisition for us that immediately complements our core strategic initiatives. It will accelerate our ability to penetrate new markets in the artificial intelligence space; it bolsters our human capital pool by bringing an extremely talented team assembled by Matthew Romaine into our company; and Gengo's advanced technology platform will become a key part of our localization delivery system. In addition to those very tangible benefits, we'll add to our already formidable capabilities in Asia, and this will give us a deeper set of technology tools to increase our market share in the local games and life sciences markets," John Fennelly, Lionbridge CEO.