Smartling Acquires VerbalizeIt for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b772e95b-4da7-4562-9652-5692218d0008
Date
5/19/2016
Company Name
VerbalizeIt
Mailing Address
141 West 28th 7th Floor New York, NY 10001 USA
Company Description
VerbalizeIt delivers real-time access to human translators to make sure that nothing is ever lost in translation. We empower businesses and travelers with the ability to instantly connect with a live translator any time of day, anywhere in the world and from any device or application.
Website
http://www.verbalizeit.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
VerbalizeIt’s Co-Founders, Ryan Frankel and Kunal Sarda, will take on leadership roles within the company. Frankel is tasked with developing channel and partnership alliances, while Sarda will focus on the product experience for customers and translators. Financial terms of the transaction were not disclosed by the companies.