Announced
Completed
Financials
Sources
Tags
Cross Border
Single Bidder
Application software products
Italy
Software
Acquisition
software development
Minority
Friendly
Private Equity
Completed
Private
Synopsis
Ardian, a private equity firm, completed a $25m investment in Translated, an Italy and US-based company that pioneered the use of artificial intelligence to support professional translators. "We believe that allowing everyone to understand and be understood is one of the greatest challenges of humankind. We feel the urgency to solve this problem, because the more people understand each other the easier it will be for humanity to achieve any other great challenge. We decided to partner with Ardian because they share with us the love for diversity, they are capable of accelerating our plans and they have the DNA and means to do so in the long term," Marco Trombetti, Translated co-founder and CEO.
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