Conversation 180: Straker Translations. Is it time to pay attention to this hybrid SaaS business?

Jan 30

With 13% YOY revenue growth [86% of which is recurring] and a group turnover of >$27 million, Straker Transcriptions is in an acquisition growth phase.

CEO Grant Straker says the business is in the mood for acquisition-driven growth, with $7.3 million cash and $8.0 million of new loan facilities.

Based in New Zealand, Straker Translations is an AI data-driven translation platform powering the global growth of businesses.

Straker Translations has developed a hybrid translation platform that utilises a combination of AI, machine learning, and a crowd-sourced pool of freelance translators.

The company’s cloud-based platform manages the end-to-end translation process, leveraging AI and machine-learning to create a first draft translation and subsequently matching the customer’s content with one or more of the approximately 13,000 crowd-sourced human freelance translators for refinement.

This process is managed using Straker’s proprietary “RAY Translation Platform”, which has been developed over eight years and is an enterprise-grade, end-to-end, cloud-based platform.

By leveraging machine translations and its big data assets, the RAY Translation Platform enables the delivery of faster and more accurate translations, lowering the time and cost to deliver versus traditional translation services.

The platform can be integrated directly into customers’ systems and consists of a customer dashboard, machine translation integration and modules for assisting and managing translators.

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