TransPerfect

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TransPerfect
Private
Industry
Founded New York, New York, United States (1992 (1992))
Founder
  • Liz Elting
  • Phil Shawe
Headquarters New York City, United States
Key people
Liz Elting and Phil Shawe, Co-CEOs
Revenue US$507 million (2015)[1]
Number of employees
3,000 (2015)[1]
Slogan The Leader in Global Language and Business Services
Website www.transperfect.com

TransPerfect Translations, known as "TransPerfect", is a translation services company based in New York City. The company provides "translation and discovery services" primarily to companies in the legal and healthcare fields.[1] As of 2012, TransPerfect was "the largest privately owned language services provider, with offices in 75 cities worldwide".[2]

The founders are Elizabeth Elting and Phil Shawe, who met at New York University in 1992. TransPerfect grew from a two-person dormitory-based operation into one of the largest privately held companies in the New York area.[3]

Business model[edit]

TransPerfect has been noted for having moved against the trend of seeking investors for critical capital, rather relying on profit re-investment as their primary source of funding for growth.[1] The notion that profit re-investment is the key to capital accumulation is a cornerstone of the Marxian concept of capital accumulation.

The company has focused on five growth strategies:[1]

  1. Pleasing customers
  2. Acquiring companies
  3. Expanding geographically
  4. Creating a culture built on merit
  5. Never stop learning and networking

References[edit]

  1. ^ a b c d e Stengel, Geri (27 February 2013). "A $340 Million Company Shares Strategies For Growing Without Outside Funding". Forbes. Retrieved 11 January 2016. 
  2. ^ Stengel, Geri (11 January 2012). "Want to Grow the Economy? Change Four Attitudes About Women Entrepreneurs". Forbes. Retrieved 11 January 2016. 
  3. ^ "Top 125 Privately Held Companies". Crain's New York Business. Crain Communications, Inc. 19 November 2012. Retrieved 19 June 2013.