Bangalore September 11, 2016: Mayflower Language Services Pvt. Ltd., India’s leading language service provider has entered into a partnership with Summa Linguae (SUL), a Polish Language Service provider. The partnership sees the two LSPs take a minority stake of 25% in each other. While both the firms are already delivering growth independently, this partnership will bring dramatic acceleration. Following the transaction, Mayflower and SUL will start operating closely, coordinating their business strategies. As a result, the companies will not only generate cost and revenue synergies, but they will also expand their existing range of services in new language pairs. This partnership will be able to cater to clients with more complex needs and higher expectations.
India-based Mayflower Language Services, was established in 2003 and has been providing its services to over 1000 clients worldwide helping businesses succeed globally. Mayflower has its presence in Asia and the US.
Established in 2011, Summa Linguae is a Poland based language service provider, who is very active in Poland’s public procurement market and is also starting to gain traction with the EU’s giant tender machine.
This partnership will strengthen the operations of Mayflower and Summa Linguae while providing the ease of access for each into the European and Asia-Pacific markets respectively.
“The partnership with Summa Linguae opens up new opportunities for both the firms. This will enable us to cater to complex needs of clients while giving us mutual access to new markets. It will help drive forward future industry initiatives that will seek to increase efficiencies, simplify market operations and bring increased value for the benefit of market participants and customers”– said Madhuri Hegde, Founder & CEO of Mayflower Language Services on this partnership.
“Combining our potential with that of Mayflower, which is successful in the country whose economy is growing so rapidly opens global markets for us. We will gain credibility and increase our capacities to execute contracts, which is absolutely crucial for companies that want to eventually compete on international markets and generate revenue that would place us among Top 100 of the largest language service providers worldwide” said Krzysztof Zdanowski, CEO at Summa Linguae, after signing the agreement.
This partnership is a strategic move to enhance and accelerate the growth and reach of the organizations. Summa Linguae is focusing on increasing sales to corporate clients in order to decrease the company’s dependence on the public sector and reach out to a wider audience. On the other hand, Mayflower is looking to enter the European Market. This partnership is a step in the right direction for both the firms to strike the right balance in worldwide operation.
Corporate Comm India(CCI Newswire)
