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BIG Language Solutions Expands Footprint & Healthcare Expertise with Acquisition of Los Angeles-Bas
TelAve News/10641874
ATLANTA - TelAve -- Atlanta-based BIG Language Solutions announces its acquisition of ISI Language Solutions, a leading provider of customized services in more than 150 languages for the healthcare, insurance, life sciences, and pharmaceutical industries. The deal closed on September 11, 2020.
Over the last 10 years, the global language services industry has doubled in size reaching $49.6 Billion in 2019. Forecasted growth by 2021 is expected to reach $56.2 Billion globally. Jeff Brink, a 25-year language industry veteran, known for his innovation and success in building leading language service providers (LSPs), founded BIG with the purpose of disrupting the highly fragmented industry. By assembling a portfolio of high-performing and complementary LSPs, Brink and his team add significant value to each company by investing heavily in technology to improve the customer experience and provide marketplace differentiation.
ISI was founded in 1982 in Los Angeles, CA and has been at the forefront of language access, ensuring limited English speakers have access to vital government and social services. The company is owned and led by COO Emilie Villeneuve and President Michael Bearden.
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"Emilie and I have known for some time that our next stage of growth would be fueled by aligning with a strong industry partner with access to new and enhanced technologies and systems," says Bearden. "Our connection with Jeff and the team at BIG was immediate as we discovered synergies in our business, culture and ethical practices. Joining the BIG family of companies allows us to build a growth-oriented infrastructure with proprietary tools and back-office efficiencies while still delivering the customized, personal service we are known for."
The launch of BIG's buy-and-build investment strategy began with its acquisition of Miami-based Protranslating in June 2019. "Over the last year since joining BIG, we've made significant growth and customer-oriented investments to position the company for the long term," says Luis R. de la Vega, President of Protranslating. "All the while, we have maintained and built upon the culture that has allowed us to become an integral part of our customers' global content supply chains. We're excited to accelerate our growth further and collaborate with the great team at ISI."
BIG's seller-friendly acquisition model has proven successful as the company is currently very active with M&A activity even throughout the COVID-19 pandemic. Company leadership has developed a large pipeline of LSPs under NDA/consideration and continues to receive strong feedback from sellers on the buy-and-build model, especially in these uncertain times. "Our approach is simply to empower continued success of member companies and add value so they can accelerate their evolution," concludes Brink.
Over the last 10 years, the global language services industry has doubled in size reaching $49.6 Billion in 2019. Forecasted growth by 2021 is expected to reach $56.2 Billion globally. Jeff Brink, a 25-year language industry veteran, known for his innovation and success in building leading language service providers (LSPs), founded BIG with the purpose of disrupting the highly fragmented industry. By assembling a portfolio of high-performing and complementary LSPs, Brink and his team add significant value to each company by investing heavily in technology to improve the customer experience and provide marketplace differentiation.
ISI was founded in 1982 in Los Angeles, CA and has been at the forefront of language access, ensuring limited English speakers have access to vital government and social services. The company is owned and led by COO Emilie Villeneuve and President Michael Bearden.
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"Emilie and I have known for some time that our next stage of growth would be fueled by aligning with a strong industry partner with access to new and enhanced technologies and systems," says Bearden. "Our connection with Jeff and the team at BIG was immediate as we discovered synergies in our business, culture and ethical practices. Joining the BIG family of companies allows us to build a growth-oriented infrastructure with proprietary tools and back-office efficiencies while still delivering the customized, personal service we are known for."
The launch of BIG's buy-and-build investment strategy began with its acquisition of Miami-based Protranslating in June 2019. "Over the last year since joining BIG, we've made significant growth and customer-oriented investments to position the company for the long term," says Luis R. de la Vega, President of Protranslating. "All the while, we have maintained and built upon the culture that has allowed us to become an integral part of our customers' global content supply chains. We're excited to accelerate our growth further and collaborate with the great team at ISI."
BIG's seller-friendly acquisition model has proven successful as the company is currently very active with M&A activity even throughout the COVID-19 pandemic. Company leadership has developed a large pipeline of LSPs under NDA/consideration and continues to receive strong feedback from sellers on the buy-and-build model, especially in these uncertain times. "Our approach is simply to empower continued success of member companies and add value so they can accelerate their evolution," concludes Brink.
Source: BIG Language Solutions
Filed Under: Business
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