STIC Investments-led consortium completed the acquisition of SYSTRAN.

A STIC Investments-led consortium, which also included SoftBank Korea, Korea Investment Partners and Korea Investment Securities, completed the acquisition of SYSTRAN, a provider of AI-based translation technology. Financial terms were not disclosed. "This acquisition is exciting and will give us more resources to increase our innovation, delivery speed and geographical footprint, enabling us to further expand through our new Cloud Marketplace offering as well as provide secure, on-premises or cloud-based customized translation products for all industries and organizations of all sizes," Jean Senellart, SYSTRAN CEO.