Misplaced Pages

TransPerfect: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editContent deleted Content addedVisualWikitext
Revision as of 10:13, 16 March 2017 edit331dot (talk | contribs)Autopatrolled, Administrators183,408 editsm Reverted 2 edits by Tpt2001 (talk) to last revision by Bentogoa. (TW)← Previous edit Latest revision as of 02:33, 26 December 2024 edit undoYedaman54 (talk | contribs)Extended confirmed users14,055 editsNo edit summaryTag: 2017 wikitext editor 
(150 intermediate revisions by 78 users not shown)
Line 1: Line 1:
{{short description|American translation services company}}
{{Infobox company|
{{Use American English|date=April 2024}}
name = TransPerfect |
{{Use dmy dates|date=April 2024}}
logo = ]|
{{advert|date=August 2019}}
company_slogan = The Leader in Global Language and Business Services |
{{Infobox company
foundation = ], United States ({{startdate|1992}}) |
| name = TransPerfect
key_people = Liz Elting and Phil Shawe, Co-CEOs |
| logo = TransPerfect-logo.png
industry = {{unbulleted list|]|]|Multicultural Marketing}} |
| logo_size = 260px
products = |
| type = ]
revenue = {{currency|504.6 million}} {{small|(2015)}}<ref>{{cite news|title=TransPerfect provides language and technology services to manage multilingual content|url=http://www.inc.com/profile/transperfect|accessdate=26 October 2016|publisher=Forbes}}</ref> |
| industry = {{hlist|]|]}}
num_employees = 3,000 {{small|(2015)}}<ref name="geri2013"/> |
| founded = {{start date|1992}}
homepage = {{url|www.transperfect.com}} |location_city = ]|location_country = United States|founder = {{unbulleted list|Liz Elting|Phil Shawe}}|type = ]}}
| founders = {{hlist|]|]}}
| hq_location_city = ]
| hq_location_country = United States
| area_served = Worldwide
| key_people = ] (CEO)
| products = {{hlist|GlobalLink|StudioNext|DataForce|AppLanga}}
| services = {{hlist|Subtitling|]|Translation|Closed captioning}}
| revenue = {{currency|1.1 billion}}<ref name="2022 Revenue_Slator">{{cite news |last1=Bond |first1=Esther |title=TransPerfect Revenues Climb to USD 1.16 Billion in 2022, up 4.6% Year-on-Year |url=https://slator.com/transperfect-revenues-climb-1-billion-2022-up-4-per-cent-year-on-year/ |work=Slator |date=6 February 2023}}</ref>
<ref>{{cite news|title=TransPerfect Widens Lead as World's Largest Provider of Translation-Related Technology and Services|url=https://globenewswire.com/news-release/2019/01/15/1691931/0/en/TransPerfect-Widens-Lead-as-World-s-Largest-Provider-of-Translation-Related-Technology-and-Services.html|access-date=7 February 2019|publisher=GlobeNewswire}}</ref>
| revenue_year = {{small|2022}}
| num_employees = 7,000<ref name="#Employees">{{cite news |last1=Collins |first1=Bryan |title=TransPerfect CEO Phil Shawe Explains How Leaders Spend Their Day |url=https://www.forbes.com/sites/bryancollinseurope/2019/05/16/shawe-productivity/#3c4fa7ca623e |work=Forbes |date=16 May 2019 }}</ref>
| num_employees_year = {{small|2021}}
| divisions = {{unbulleted list|]|TransPerfect Legal Solutions|TransPerfect Life Sciences}}
| website = {{URL|https://www.transperfect.com/|transperfect.com}}
}}


'''TransPerfect Translations''', known as "'''TransPerfect'''", is a ] services company based in ]. The company provides "translation and discovery services" primarily to companies in the legal and healthcare fields.<ref name="geri2013">{{Cite journal|url = http://www.forbes.com/sites/geristengel/2013/02/27/a-340-million-company-shares-strategies-for-growing-without-outside-funding/|title = A $340 Million Company Shares Strategies For Growing Without Outside Funding|last = Stengel|first = Geri|date = 27 February 2013|journal = Forbes|doi = |pmid = |accessdate = 11 January 2016}}</ref> {{As of|2012}}, TransPerfect was "the largest privately owned language services provider, with offices in over 90 cities worldwide".<ref name="Chase_AP">{{cite news|last1=Chase|first1=Randall|title=Court-Ordered Sale of TransPerfect Translation Company Is Upheld|url=https://www.nytimes.com/2017/02/13/business/transperfect-translation-sale-delaware-court.html|agency=New York Times|date=13 Feb 2017}}</ref><ref>{{Cite journal|url = http://www.forbes.com/sites/geristengel/2012/01/11/want-to-grow-the-economy-change-four-attitudes-about-women-entrepreneurs/|title = Want to Grow the Economy? Change Four Attitudes About Women Entrepreneurs|last = Stengel|first = Geri|date = 11 January 2012|journal = Forbes|accessdate = 11 January 2016}}</ref> The company has three shareholders. Elting-50%, Phil Shawe-49%, and Shirley Shawe-1%.<ref name="Delaware Courts">{{cite journal|title=IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE|journal=In re: SHAWE & ELTING LLC|date=13 Aug 2015|volume=In re: TRANSPERFECT GLOBAL, INC.|page=3 |url=http://courts.delaware.gov/Opinions/Download.aspx?id=228080}}</ref> The majority female status has made it possible for the company to be considered a ] for purposes of certain media, awards, contracts and ] processes.<ref name="Bresiger">{{cite news|last1=Bresiger|first1=Gregory|title=New York City boasts four top women-led companies|url=http://nypost.com/2015/05/10/new-york-city-boasts-four-top-women-led-companies/|agency=New York Post|publisher=News Corp|date=10 May 2015}}</ref><ref name="Savchuk">{{cite news|last1=Savchuk|first1=Katia|title=Inside The Nasty Corporate Divorce Between Ex-Lovers Who Built A Company Worth Nearly $1 Billion|url=http://www.forbes.com/sites/katiasavchuk/2016/05/25/liz-elting-transperfect-engaged-cofounders-phil-shawe-corporate-divorce/#311524cb2c2e|work=Forbes|publisher=Forbes Media LLC|date=25 May 2016}}</ref> '''TransPerfect''' is an American ] and language services company. The company serves clients in many fields, such as film, gaming, law, and healthcare.<ref name="MOGI_Slator">{{cite news |last1=Bond |first1=Esther |title=TransPerfect Acquires Game Localization Specialist MoGi Group |url=https://slator.com/ma-and-funding/transperfect-acquires-game-localization-specialist-mogi-group/ |work=Slator |date=6 September 2019}}</ref><ref name="geri2013">{{Cite journal|url = https://www.forbes.com/sites/geristengel/2013/02/27/a-340-million-company-shares-strategies-for-growing-without-outside-funding/|title = A $340 Million Company Shares Strategies For Growing Without Outside Funding|last = Stengel|first = Geri|date = 27 February 2013|journal = Forbes|access-date = 11 January 2016}}</ref> {{As of|2012}}, TransPerfect is "the largest privately owned language services provider, with offices in over 100 cities worldwide" and more than 7,500 employees.<ref name="ElPasoOffice">{{cite news |last1=reporter |first1=Luis Rios / El Paso Inc |title=Westside contact center to employ over 400 |url=https://www.elpasoinc.com/news/local_news/westside-contact-center-to-employ-over-400/article_ad1bfb1e-ea8a-11ec-84c6-2784430288ac.html |work=El Paso Inc. |date=12 July 2022 }}</ref><ref name="MC Bowl">{{cite news |last1=Elstein |first1=Aaron |title=TransPerfect to be first New York company to put name on college bowl game |url=https://www.crainsnewyork.com/markets/transperfect-be-first-new-york-company-put-name-college-bowl-game |work=Crain's New York Business |date=19 December 2019 }}</ref><ref name="Chase_AP">{{cite news|last1=Chase|first1=Randall|title=Court-Ordered Sale of TransPerfect Translation Company Is Upheld|url=https://www.nytimes.com/2017/02/13/business/transperfect-translation-sale-delaware-court.html|agency=New York Times|date=13 February 2017}}</ref><ref>{{Cite journal|url = https://www.forbes.com/sites/geristengel/2012/01/11/want-to-grow-the-economy-change-four-attitudes-about-women-entrepreneurs/|title = Want to Grow the Economy? Change Four Attitudes About Women Entrepreneurs|last = Stengel|first = Geri|date = 11 January 2012|journal = Forbes|access-date = 11 January 2016}}</ref>


==History== ==History==
TransPerfect founders Elizabeth Elting and Phil Shawe met in a ] (NYU) dormitory room and founded the company in 1992. With no external financing, TransPerfect grew from a two-person dormitory-based operation into one of the 125 largest privately held companies in the New York area.<ref>{{cite web|title=Top 125 Privately Held Companies|url=http://www.crainsnewyork.com/data-lists/business-lists/details/30/2706842|work=Crain's New York Business|publisher=Crain Communications, Inc|accessdate=19 June 2013|date=19 November 2012}}</ref> TransPerfect's founders ] and ] met in a ] (NYU) dormitory room and founded the company in 1992. With no external financing, TransPerfect grew from a two-person dormitory-based operation into one of the 125 largest privately held companies in the New York area.<ref>{{cite web|title=Top 125 Privately Held Companies|url=http://www.crainsnewyork.com/data-lists/business-lists/details/30/2706842|work=Crain's New York Business|publisher=Crain Communications, Inc|access-date=19 June 2013|date=19 November 2012}}</ref>


In 1998, the firm began expanding worldwide. In 1999, TransPerfect established a technology division, launching Translations.com with several million dollars in outside investment to meet the demand for software and website translations.<ref name="Savchuk">{{cite news |last1=Savchuk |first1=Katia |title=Inside The Nasty Corporate Divorce Between Ex-Lovers Who Built A Company Worth Nearly $1 Billion |url=https://www.forbes.com/sites/katiasavchuk/2016/05/25/liz-elting-transperfect-engaged-cofounders-phil-shawe-corporate-divorce/#4b9817aa59c6 |work=Forbes |date=25 March 2016 }}</ref> In 2004, they bought out their investors and merged TransPerfect and Translations.com.<ref name="Savchuk"/>
===Patented Technology===
In July 2013, TransPerfect prevailed in a U.S. Federal patent trial against competitor MotionPoint. The trial began as a result of MotionPoint's claim that TransPerfect's use of its own translation technology patent was invalid, and infringed one of MotionPoint's patents. TransPerfect sued MotionPoint, and MotionPoint filed a counter-suit.<ref name="Internet Retailer">{{Cite web|title=In a web translation patent battle, the jury sides with TransPerfect|url=http://www.internetretailer.com/2013/07/29/jury-sides-transperfect-web-translation-patent-battle|work=Internet Retailer|publisher=Vertical Web Media|accessdate=18 August 2013|author=Paul Demery|date=29 July 2013}}</ref> After three weeks of arguments, a California jury voted in favor TransPerfect and awarded $1 million in damages.<ref name="Common Sense Advisory">{{Cite web|title=Jury Decides Translation Automation Case|url=http://www.commonsenseadvisory.com/Default.aspx?Contenttype=ArticleDetAD&tabID=63&Aid=5544&moduleId=390|work=Common Sense Advisory|publisher=Common Sense Advisory, Inc.|accessdate=18 August 2013|author=Donald DePalma|date=15 July 2013}} </ref> In July 2015, the ] Trial and Appeal Board ruled that the claims of the Transperfect patent in question was unpatentable. <ref name="National Law Review">{{Cite web|title=MotionPoint Corporation v. TransPerfect Global: Final Written Decision Finding All Challenged Claims Unpatentable|url=http://www.natlawreview.com/article/motionpoint-corporation-v-transperfect-global-final-written-decision-finding-all}}</ref>


The company grew using primarily live translation services from multilingual people all over the world. In 2003, TransPerfect began using ], which was initially developed as a platform-independent translation memory software. While TransPerfect used the Wordfast product under license,<ref name="Slator_WF">{{cite news |last1=Smart |first1=Andrew |title=Wordfast May Not Be Part of TransPerfect Sale {{!}} Slator |url=https://slator.com/industry-news/wordfast-may-not-be-part-of-transperfect-sale/ |work=Slator |date=11 September 2017}}</ref> it remained a wholly separate entity that is operated by the software’s founder Yves Champollion.<ref name="Respvblica_WF">{{cite news |last1=Taylor |first1=Charlie |title=Pirates of the First State: At Business Climate's End |url=https://coastalnetwork.com/pirates-of-the-first-state-at-business-climates-end/ |work=Coastal Network |date=14 October 2017}}</ref>
==Legal Activities==
Following an apparent difficulty in communications between one another, Elting considered her options regarding her 50% ownership of the company. Among the issues she was concerned with was the value of her 50% ownership share.<ref name="Rainey_Premium">{{cite news|last1=Rainey|first1=Douglas|title=Did TransPerfect’s Shawe get a fair shake in sales dispute?|url=http://delawarebusinessnow.com/2017/01/analysis-transperfects-shawe-get-fair-shake-sales-dispute/|agency=Delaware Business Now|issue="a would-be buyer other than Shawe would not pay top-dollar for a 50-50 share that would still leave control of the company in limbo"|publisher=bird street media llc|date=2 Jan 2017}}</ref> Elting sought relief from the legal system. Shawe saw that as an attempt by Elting to use the courts to help her negotiate an exit policy.<ref name="Slator_Exit">{{cite news|last1=Faes|first1=Florian|title=A Fight About Money, Not Spite, Says TransPerfect’s Phil Shawe|url=https://slator.com/industry-news/fight-money-not-spite-says-transperfects-phil-shawe/|agency=Slator.com|date=29 Nov 2016}}</ref> In 2014, Elting sought to remove Shawe as an officer of TransPerfect Translations International, Inc. (TPI). Elting sought an injunction barring Shawe from conducting any managerial activity related to TransPerfect and sought the dissolution of TransPerfect, alleging that Shawe had engaged in "erratic and abusive behavior".<ref>{{cite court |litigants=Elting v. Shawe |court=Supreme Court Of The State Of New York County Of New York |date=August 4th, 2014 |url=http://cases.justia.com/new-york/other-courts/2014-2014-ny-slip-op-32125-u.pdf?ts=1408054329}} </ref> <ref>{{cite web|last1=Ross|first1=Barbara|title=Co-founder of $400 million company seeks restraining order against his business partner and former lover|url=http://www.nydailynews.com/news/national/co-founder-400-million-company-seeks-restraining-order-business-partner-lover-article-1.1833346|website=New York Daily News|publisher=NYDailyNews.com|accessdate=18 June 2014}}</ref> New York State Supreme Court Justice Melvin Schweitzer dismissed the case, suggesting the two needed to work it out privately and not seek remedy from a court.<ref name="Schweitzer_Dismiss">{{cite news|title=TransPerfect Translations International Announces Major Victory In New York Supreme Court|url=https://www.thestreet.com/story/12871472/1/transperfect-translations-international-announces-major-victory-in-new-york-supreme-court.html|agency=The Street|publisher=PR Newswire|date=8 Sep 2014}}</ref>


As its revenues grew to nearly $65 million in 2005, the firm continued making key acquisitions. TransPerfect acquired Crimson Language Services, a Boston-based medical and other highly-regulated industries translation company.<ref name="DePalma_Crimson">{{cite news |last1=DePalma |first1=Donald A. |title=Merger and Acquisition Activity Continues as TransPerfect Acquires Crimson |url=http://www.commonsenseadvisory.com/Default.aspx?Contenttype=ArticleDetAD&tabID=63&Aid=1225&moduleId=391 |work=www.commonsenseadvisory.com |publisher=Common Sense Advisory, Inc |date=27 October 2005}}</ref>
The suit was then taken to the Delaware Chancery where Elting reissued her complaint, and Shawe alleged that Elting had breached her fiduciary duties by not moving ahead with certain business-related opportunities, such as leases, acquisitions, and diverting funds for her own personal use.<ref name="Law360_Breach">{{cite news|last1=Chiappardi|first1=Matthew|title=TransPerfect Co-CEOs Warned To Make Peace Or Else|url=https://www.law360.com/articles/663136/transperfect-co-ceos-warned-to-make-peace-or-else|agency=Law360|publisher=Portfolio Media, Inc|date=3 Jun 2015}}</ref> In August 2015, The Chancellor of the ], Andre Bouchard, decided to have a third-party sell the shares of the company in a public auction.<ref> {{Cite web|title=Court orders feuding biz partners, ex-lovers, to sell their profitable translation firm|url=http://www.crainsnewyork.com/article/20150825/BLOGS02/150829916/court-orders-feuding-biz-partners-ex-lovers-to-sell-their-profitable-translation-firm}}</ref>


Adding to its business, TransPerfect acquired Digital Reef in 2012 and entered the ] business.<ref name="Alspach">{{cite news |last1=Alspach |first1=Kyle |title=Matrix-backed Digital Reef acquired by TransPerfect |url=https://www.bizjournals.com/boston/blog/startups/2012/10/matrix-backed-digital-reef-acquired-by.html |work=www.bizjournals.com |agency=Boston Business Journal |date=4 October 2012}}</ref>
Former New York Mayor ] chimed in and suggested that the court decision in Delaware would harm Delaware's status as a popular business incorporation state.<ref name="Mordock_Giuliani">{{cite news|last1=Mordock|first1=Jeffrey|title=Giuliani blasts Delaware court for decision in lover's spat|url=http://www.delawareonline.com/story/money/2016/04/22/giuliani-blasts-delaware-court-decision-lovers-spat/83345454/|work=News Journal|agency=Delaware Online|publisher=USA Today|date=22 Apr 2016}}</ref><ref name="NYT_Davidoff">{{cite news|last1=Davidoff Solomon|first1=Steven|title=TransPerfect Is Threatened by Owners’ Petulance|url=https://www.nytimes.com/2016/11/16/business/dealbook/transperfect-is-threatened-by-owners-petulance.html|work=Dealbook|agency=New York Times|date=15 Nov 2016}}</ref> NY Justice Schweitzer also publicly commented on the case in Delaware, saying, "I was kind of shocked at how extreme the result was... The company is still doing phenomenally well and I thought there were steps that should have been taken short of ordering a sale. That's would I would have done if I still had the case."<ref name="Schweitzer">{{cite news|last1=Mordock|first1=Jeff|title=Shawe adds celebrity attorney Dershowitz to legal team|url=http://www.azcentral.com/story/money/2017/01/12/shawe-adds-celebrity-attorney-dershowitz-legal-team/96497492/|work=The News Journal|agency=The Arizona Republic|publisher=USA Today|date=12 Jan 2017}}</ref>


In 2013, the company acquired Vasont Systems, a ] that helps companies publish multilingual technical documentation, product manuals, and other business information.<ref name="techwhirl">{{cite news |title=TransPerfect Merger with Vasont: One-Stop Solution for Global Clients |url=https://techwhirl.com/transperfect-vasont-systems-merger-path-one-stop-solution-global-clients/ |work=TechWhirl |publisher=Tech Writer Today Magazine |date=27 January 2014}}</ref>
The argument against the Chancellor has been the misapplication of ], ] that authorizes the sale of a company when it faces financial default and other catastrophic issues. Here, as the company has only proven to do even better each year, even during this lawsuit period.<ref name="Senator_Bonini">{{cite news|last1=Bonini|first1=Colin|title=We must keep Delaware the best place for business|url=http://www.delawareonline.com/story/opinion/contributors/2017/02/08/we-must-keep-delaware-best-place-business/97654350/|work=Delaware Voice|agency=The News Journal|publisher=USA Today Network|date=8 Feb 2017}}</ref> The defendants have argued that the company has not suffered and that the only remedy is the appointment of tie-breaking board member to help move issues along.<ref name="Lucas_Overreach">{{cite news|last1=Lucas|first1=Fred|title=Judicial Overreach: Small Court, Big Economic Ramifications|url=https://townhall.com/columnists/fredlucas/2016/05/27/judicial-overreach-small-court-big-economic-ramifications-n2169449|agency=Townhall|publisher=Townhall.com|date=27 May 2016}}</ref> Following Bouchard's decision, Shawe sought an appeal of the ruling and the oral argument was held on January 18, 2017.<ref name="Mordock_Appeal">{{cite news|last1=Mordock|first1=Jeffrey|title=Supreme Court to hear TransPerfect case on Jan. 18|url=http://www.delawareonline.com/story/money/business/2016/11/16/supreme-court-hear-trasnpefect-case-jan-18/93964198/|work=The News Journal|agency=USA Today Network|publisher=Delaware Online|date=16 Nov 2016}}</ref>


From 2015 to 2018, TransPerfect was involved in a legal dispute between its founders.<ref name="Bell_Crain">{{cite news |last1=Bell |first1=Terena |title=A flawed decision on TransPerfect |url=http://www.crainsnewyork.com/article/20170428/OPINION/170429917/a-flawed-decision-on-transperfect |work=Crain's New York Business |publisher=Crain Communications |date=27 April 2017}}</ref><ref name="96 Quarters">{{cite news |last1=TransPerfect |title=TransPerfect Annual Sales Reach All-Time High in 2016 |url=https://globenewswire.com/news-release/2017/01/17/906384/0/en/TransPerfect-Annual-Sales-Reach-All-Time-High-in-2016.html |work=GlobeNewswire News Room |publisher=TransPerfect}}</ref> It closed 2016 with sales at $546 million and its sales for the full year 2017 totaled $614.8m.<ref>{{cite news|url=https://slator.com/financial-results/transperfect-posts-record-usd-615m-revenue-2017/|title=TransPerfect Posts Record USD 615M Revenue for 2017 {{!}} Slator|date=17 January 2018|work=Slator|access-date=8 February 2018}}</ref> Two months after the conclusion of the three-year lawsuit that ended with Shawe becoming the sole owner, the company posted its most successful month's revenues in June 2018, at $62 million.<ref name="62MRainey">{{cite news |last1=Rainey |first1=Douglas |title=TransPerfect reports record revenue after court clears way for co-founder to buy out partner - Delaware Business Now |url=https://delawarebusinessnow.com/2018/07/transperfect-reports-record-revenue-after-court-clears-way-for-co-founder-to-buy-out-partner/ |work=delawarebusinessnow.com |date=15 July 2018}}</ref> It posted $337 million for the first half of 2018, which was up nearly 20% from 2017.<ref name="Kosman_19%">{{cite news |last1=Kosman |first1=Josh |title=TransPerfect business booming after years-long 'custody' battle |url=https://nypost.com/2018/07/13/transperfect-business-booming-after-years-long-custody-battle/ |work=New York Post |agency=News Corp |date=13 July 2018}}</ref>
For the appeal, Professor ] argued for Shirley Shawe, a 1% owner in the company.<ref name="Feeley_Dersh">{{cite news|last1=Feeley|first1=Jef|title=Dershowitz Adds Star Power to Heated TransPerfect Fight|url=https://www.bloomberg.com/news/articles/2017-01-18/dershowitz-adds-star-power-to-already-heated-transperfect-fight|work=Bloomberg|agency=Bloomberg LP|date=18 Jan 2017}}</ref> Dershowitz argued that Chancellor Bouchard's decision was tantamount to an illegal ]<ref name="Feeley_Dersh"/> Delaware Chief justice ] argued back to Dershowitz that he had no right to bring that up since it was not in the initial case, and the two argued over the law.<ref name="Mordock_Strine">{{cite news|last1=Mordock|first1=Jeff|title=Alan Dershowitz, Justice Strine spar over TransPerfect|url=http://www.delawareonline.com/story/news/2017/01/18/sparks-fly-heated-transperfect-case/96719902/|work=New Journal|agency=USA Today|issue=18 Jan 2017|publisher=Delawareonline}}</ref> The appeal affirmed Bouchard's decision.<ref name="McParland_Appeal">{{cite news|last1=McParland|first1=Tom|title=Del. Supreme Court Upholds Forced Sale of TransPerfect|url=http://www.delawarelawweekly.com/id=1202779110489/Del-Supreme-Court-Upholds-Forced-Sale-of-TransPerfect?slreturn=20170122103721|work=Delaware Law Weekly|publisher=ALM Media Properties, LLC|date=13 Feb 2017}}</ref>


In 2019 the company acquired media localization companies in the areas of gaming and streaming services, and opened a new 900-seat facility in Arizona.<ref name="PHX_BIZ">{{cite news |last1=Ringle |first1=Hayley |title=New York translation services firm hiring hundreds for expanded Phoenix call center |url=https://www.bizjournals.com/phoenix/news/2019/10/09/new-york-translation-services-firm-hiring-hundreds.html |work=www.bizjournals.com |date=9 October 2018 }}</ref><ref name="Lylo_Slator">{{cite news |last1=Bond |first1=Esther |title=TransPerfect Buys Lylo, Lassostudios, Sublime, and AGM in Media Loc Acquisition Spree |url=https://slator.com/ma-and-funding/transperfect-buys-lylo-lassostudios-sublime-and-agm-in-media-loc-acquisition-spree/ |work=Slator |date=7 October 2019}}</ref>
Shawe and Dershowitz have suggested that they will petition the ] for ]<ref name="McParland_certiorari">{{cite news|last1=McParland|first1=Tom|title=TransPerfect-Linked Group Lobbies to Curb Forced Sales of Corporations|url=http://www.delawarelawweekly.com/id=1202777316002/TransPerfectLink-Group-Lobbies-for-Curbs-on-Forced-Sales-of-Corporations?mcode=1202617074375&curindex=1&curpage=2|work=Delaware Law Weekly|publisher=ALM Media Properties, LLC|date=20 Jan 2017}}</ref>


In 2019, TransPerfect acquired the marketing and naming rights to the annual ] for a five-year period.<ref name="MCB1">{{cite news |title=TRANSPERFECT SIGNS ON AS TITLE SPONSOR FOR THE MUSIC CITY BOWL |url=https://www.musiccitybowl.com/blog/transperfecttitlesponsor |agency=Music City Bowl |publisher=Inside The Huddle |language=en}}</ref><ref name="MCB2">{{cite news |last1=Organ |first1=Mike |title=TransPerfect becomes title sponsor of the Music City Bowl |url=https://www.tennessean.com/story/sports/college/2019/12/18/transperfect-music-city-bowl-nashville-title-sponsor/2678414001/ |access-date=2 January 2024 |work=The Tennessean |date=8 December 2019}}</ref> The 2020 game was cancelled due to covid, making its sponsorship through 2025.<ref name="MCB3">{{cite news |last1=Cobb |first1=David |title=2020 Music City Bowl canceled as COVID-19 outbreak forces Missouri to pull out of game vs. Iowa |url=https://www.cbssports.com/college-football/news/2020-music-city-bowl-canceled-as-covid-19-outbreak-forces-missouri-to-pull-out-of-game-vs-iowa/ |work=CBSSports.com |publisher=CBS News |date=27 December 2020 |language=en}}</ref>
===Employee Group Forms to Protect Company===
Included in this case has been a campaign waged by a group that calls itself Citizens for a Pro-Business Delaware<ref name="Hals_CFPBD">{{cite news|last1=Hals|first1=Thomas|title=Top Delaware court upholds sale of translation firm TransPerfect|url=http://finance.yahoo.com/news/top-delaware-court-upholds-sale-223346839.html|work=Reuters|agency=Yahoo News|date=13 Feb 2017}}</ref> to lobby the legislature to change the chancery rules regarding the forced sale of a private, well performing company.<ref name="DBN_Special">{{cite news|title=Citizens for a Pro-Business Delaware launches six-figure advertising effort|url=http://delawarebusinessnow.com/2017/01/citizens-pro-business-delaware-launches-six-figure-advertising-effort/|work=DELAWARE BUSINESS NOW|publisher=bird street media llc|date=11 Jan 2017}}</ref> The group claims over 1200 members.<ref name="Mordock_Coffey">{{cite news|last1=Mordock|first1=Jeff|title=Supreme Court decision a loss for TransPerfect workers|url=http://www.delawareonline.com/story/money/2016/10/18/transperfect-workers-motion-support-appeal-denied/92349636/|work=News Journal|agency=Delaware Online|publisher=USA Today|date=18 Oct 2016}}</ref> "Citizens " built a website,<ref name="CFPBD">{{cite web|title=Citizens for a pro Business Delaware|url=http://www.delawareforbusiness.org/|website=DELAWARE FOR BUSINESS|publisher=Citizens for a Pro-Business Delaware Inc.}}</ref> has run television commercials,<ref name="Mordock_Citizens">{{cite news|last1=Mordock|first1=Jeff|title=TransPerfect workers spend $300,000 on new TV ads|url=http://www.delawareonline.com/story/money/2017/02/02/transperfect-workers-spend-300k-new-tv-ads/97401994/|work=The News Journa|agency=Delaware Online|publisher=USA Today|date=2 Feb 2017}}</ref> taken billboard and newspaper ads, petitioned elected leaders<ref name="McParland_Citizens">{{cite news|last1=McParland|first1=Tom|title=For TransPerfect-Aligned Group, a Legislative Waiting Game|url=http://www.delbizcourt.com/id=1202779467771/For-TransPerfectAligned-Group-a-Legislative-Waiting-Game?slreturn=20170122175046|work=Delaware Business Court Insider|publisher=ALM Media Properties, LLC.|date=17 Feb 2017}}</ref> and held press conferences to press the issue of their concern for the jobs that may be lost<ref name="Mordock_Coffey"/> and the impact this decision would have on Delaware's ability to continue attracting new companies to incorporate in the state.<ref name="Feeley_Coffey">{{cite news|last1=Feeley|first1=Jef|title=Photographer: Henrik Sorensen/Getty Images TransPerfect's Auction Order Endorsed by Delaware High Court|url=https://www.bloomberg.com/news/articles/2017-02-13/transperfect-forced-sale-order-upheld-by-delaware-supreme-court|work=Bloomberg Technology|publisher=Bloomberg LP|date=13 Feb 2017}}</ref>


In 2021, TransPerfect acquired Swedish language-technology business Semantix for $100 million dollars from the private equity fund Segulah Advisors.<ref name="Semantix">{{cite news |last1=Cumming |first1=Chris |title=Segulah sells translation firm Semantix for $100m |url=https://www.penews.com/articles/segulah-sells-translation-firm-semantix-for-100m-20210730 |work=www.penews.com |publisher=WSJ |date=31 July 2021}}</ref> The acquisition allowed TransPerfect to provide translation and interpretation services for both the public and private sectors throughout the Nordic region, a place they previously had limited access.
===Controversial Legal Issues===
There have been charges of unethical actions by Elting's law firm ],<ref name="Maya_Rajamani">{{cite news|last1=Rajamani|first1=Maya|title=Chancery Sanctions Kramer Levin In TransPerfect Case|url=https://www.law360.com/articles/691571/corrected-chancery-sanctions-kramer-levin-in-transperfect-case|work=Law360|agency=LexiNexis|date=14 Aug 2015}}</ref> which was sanctioned by the Chancery Court for "repeatedly instruct a witness not to answer questions<ref name="CASSENS_WEISS">{{cite news|last1=CASSENS WEISS|first1=DEBRA|title=Kramer Levin is sanctioned $135K for deposition conduct|url=http://www.abajournal.com/news/article/kramer_levin_is_sanctioned_135k_for_deposition_conduct|work=ABA Journal|publisher=American Bar Association|date=30 Sep 2015}}</ref>


In August 2022, TransPerfect acquired Sterling Technology, a European provider of ]s.<ref name="SterlingTech">{{cite news |last1=Bergman |first1=Ben |title=Exclusive: TransPerfect is buying Sterling Technology, uniting the world's largest language service provider with the European virtual data room startup |url=https://www.businessinsider.com/exclusive-transperfect-is-buying-sterling-technology-2022-8 |work=Business Insider |publisher=Business Insider |date=26 August 2022}}</ref> The acquisition puts the companies in a better position to compete against the larger players in the VDR market, which businesses use to securely send and store information for complex financial transactions.
A defamation suit was filed by Shirley Shawe against Kramer Levin, claiming that its lead attorney on the case “crossed the line” by making false statements in connection with the Delaware sale case that “were intended to damage Shawe’s business and personal reputation,” while talking to a reporter about the case.<ref name="Feeley_Defamation">{{cite news|last1=Feeley|first1=Jef|title=TransPerfect’s Shawe Escalates Feud With Defamation Suit|url=https://www.bloomberg.com/news/articles/2017-02-01/transperfect-s-shawe-escalates-company-feud-with-defamation-suit|work=Bloomberg Technology|agency=Bloomberg LP|date=1 Feb 2017}}</ref> Citing that same interview, attorney Philip Kaufman was also accused of contradicting himself when he argued before the appeal court from what he claimed to the reporter.<ref name="Rainey_Kramer">{{cite news|last1=Rainey|first1=Douglas|title=TransPerfect shareholder claims opposing attorney offers contradictory statements|url=http://delawarebusinessnow.com/2017/02/transperfect-shareholder-claims-opposing-attorney-offers-contradictory-statements/|work=Delaware Business Now|publisher=bird street media llc|date=20 Feb 2017}}</ref> Ms. Shaw ran a series of TV ads highlighting the varying sets of comments made by Kaufman and the video was posted to Youtube.

In October 2022, TransPerfect closed a deal to buy Paris based Hiventy Group, which specializes in technical audiovisual services including post-production, localization, distribution, and film restoration. The acquisition brings the total owned-and-operated footprint to over 90 recording rooms and eight theatrical rooms worldwide for the company.<ref name="Hiventi_buy">{{cite news |last1=Group |first1=TransPerfect, Hiventy |title=TransPerfect Acquires Hiventy Group |url=https://www.news-journal.com/transperfect-acquires-hiventy-group/article_2dc00f18-d403-5c9a-b780-b3376d37aa03.html |work=Longview News-Journal |date=18 Oct 2022 |language=en}}</ref>

The company posted its 2022 revenues at $1.16 Billion, marking its 30th year of business and growth and 120 consecutive quarters of increased revenue for the privately held company.<ref name="2022 Revenue_Slator" />

==Legal activities==
===Founders dispute===
{{undue weight|section|date=August 2019}}
Following an apparent difficulty in communications between one another, Elting considered her options regarding her 50% ownership of the company. Among the issues she was concerned with was the value of her 50% ownership share.<ref name="Rainey_Premium">{{cite news|last1=Rainey|first1=Douglas|title=Did TransPerfect's Shawe get a fair shake in sales dispute?|url=http://delawarebusinessnow.com/2017/01/analysis-transperfects-shawe-get-fair-shake-sales-dispute/|agency=Delaware Business Now|issue=a would-be buyer other than Shawe would not pay top-dollar for a 50-50 share that would still leave control of the company in limbo|publisher=bird street media llc|date=2 January 2017}}</ref> Elting sought relief from the legal system. Shawe saw that as an attempt by Elting to use the courts to help her negotiate an exit agreement.<ref name="Slator_Exit">{{cite news|last1=Faes|first1=Florian|title=A Fight About Money, Not Spite, Says TransPerfect's Phil Shawe|url=https://slator.com/industry-news/fight-money-not-spite-says-transperfects-phil-shawe/|agency=Slator.com|date=29 November 2016}}</ref> In 2014, Elting sought to remove Shawe as an officer of TransPerfect Translations International, Inc. (TPI). Elting sought an injunction barring Shawe from conducting any managerial activity related to TransPerfect and sought the dissolution of TransPerfect, alleging that Shawe had engaged in "erratic and abusive behavior".<ref>{{cite court |litigants=Elting v. Shawe |court=Supreme Court Of The State Of New York County Of New York |date=4 August 2014 |url=http://cases.justia.com/new-york/other-courts/2014-2014-ny-slip-op-32125-u.pdf?ts=1408054329}}</ref><ref>{{cite web|last1=Ross|first1=Barbara|title=Co-founder of $400 million company seeks restraining order against his business partner and former lover|url=http://www.nydailynews.com/news/national/co-founder-400-million-company-seeks-restraining-order-business-partner-lover-article-1.1833346|website=New York Daily News|date=18 June 2014 |publisher=NYDailyNews.com|access-date=18 June 2014}}</ref> New York State Supreme Court Justice Melvin Schweitzer dismissed the case, suggesting the two needed to work it out privately and not seek remedy from a court.<ref name="Schweitzer_Dismiss">{{cite news|title=TransPerfect Translations International Announces Major Victory In New York Supreme Court|url=https://www.thestreet.com/story/12871472/1/transperfect-translations-international-announces-major-victory-in-new-york-supreme-court.html|agency=The Street|publisher=PR Newswire|date=8 September 2014}}</ref>

===Forced sale===
The suit was then taken to the Delaware Chancery where Elting reissued her complaint, and Shawe alleged that Elting had breached her fiduciary duties by not moving ahead with certain business-related opportunities, such as leases, acquisitions, and diverting funds for her own personal use.<ref name="Law360_Breach">{{cite news|last1=Chiappardi|first1=Matthew|title=TransPerfect Co-CEOs Warned To Make Peace Or Else|url=https://www.law360.com/articles/663136/transperfect-co-ceos-warned-to-make-peace-or-else|agency=Law360|publisher=Portfolio Media, Inc|date=3 June 2015}}</ref> In August 2015, The Chancellor of the ], Andre Bouchard, decided to have a third-party sell the shares of the company in a public auction.<ref>{{Cite web|title=Court orders feuding biz partners, ex-lovers, to sell their profitable translation firm|url=http://www.crainsnewyork.com/article/20150825/BLOGS02/150829916/court-orders-feuding-biz-partners-ex-lovers-to-sell-their-profitable-translation-firm}}</ref>

Former New York Mayor ] chimed in and suggested that the court decision in Delaware would harm Delaware's status as a popular business incorporation state.<ref name="Mordock_Giuliani">{{cite news|last1=Mordock|first1=Jeffrey|title=Giuliani blasts Delaware court for decision in lover's spat|url=http://www.delawareonline.com/story/money/2016/04/22/giuliani-blasts-delaware-court-decision-lovers-spat/83345454/|work=News Journal|agency=Delaware Online|publisher=USA Today|date=22 April 2016}}</ref><ref name="NYT_Davidoff">{{cite news|last1=Davidoff Solomon|first1=Steven|title=TransPerfect Is Threatened by Owners' Petulance|url=https://www.nytimes.com/2016/11/16/business/dealbook/transperfect-is-threatened-by-owners-petulance.html|work=Dealbook|agency=New York Times|date=15 November 2016}}</ref> NY Justice Schweitzer also publicly commented on the case in Delaware, saying, "I was kind of shocked at how extreme the result was... The company is still doing phenomenally well and I thought there were steps that should have been taken short of ordering a sale. That's what I would have done if I still had the case."<ref name="Schweitzer">{{cite news|last1=Mordock|first1=Jeff|title=Shawe adds celebrity attorney Dershowitz to legal team|url=http://www.azcentral.com/story/money/2017/01/12/shawe-adds-celebrity-attorney-dershowitz-legal-team/96497492/|work=The News Journal|agency=The Arizona Republic|publisher=USA Today|date=12 January 2017}}</ref>

The argument against the Chancellor has been the misapplication of ],<ref name="Samaha_MLJ2018">{{cite journal |last1=Samaha |first1=Sarah M. |title=Shawe v. Elting: The Imperfect Sale of TransPerfect Global, Inc |journal=Maryland Law Review |date=2018 |volume=77 |issue=3 |pages=900–927 |url=https://digitalcommons.law.umaryland.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=3796&context=mlr |access-date=25 July 2018 }}</ref> ] that authorizes the sale of a company when it faces financial default and other catastrophic issues. Here, as the company has only proven to do even better each year, even during this lawsuit period.<ref name="Senator_Bonini">{{cite news|last1=Bonini|first1=Colin|title=We must keep Delaware the best place for business|url=http://www.delawareonline.com/story/opinion/contributors/2017/02/08/we-must-keep-delaware-best-place-business/97654350/|work=Delaware Voice|agency=The News Journal|publisher=USA Today Network|date=8 February 2017}}</ref> The defendants have argued that the company has not suffered and that the only remedy is the appointment of tie-breaking board member to help move issues along.<ref name="Lucas_Overreach">{{cite news|last1=Lucas|first1=Fred|title=Judicial Overreach: Small Court, Big Economic Ramifications|url=https://townhall.com/columnists/fredlucas/2016/05/27/judicial-overreach-small-court-big-economic-ramifications-n2169449|agency=Townhall|publisher=Townhall.com|date=27 May 2016}}</ref> Following Bouchard's decision, Shawe sought an appeal of the ruling and the oral argument was held on 18 January 2017.<ref name="Mordock_Appeal">{{cite news|last1=Mordock|first1=Jeffrey|title=Supreme Court to hear TransPerfect case on Jan. 18|url=http://www.delawareonline.com/story/money/business/2016/11/16/supreme-court-hear-trasnpefect-case-jan-18/93964198/|work=The News Journal|agency=USA Today Network|publisher=Delaware Online|date=16 November 2016}}</ref>

For the appeal, Professor ] argued for Shirley Shawe, a 1% owner in the company.<ref name="Feeley_Dersh">{{cite news|last1=Feeley|first1=Jef|title=Dershowitz Adds Star Power to Heated TransPerfect Fight|url=https://www.bloomberg.com/news/articles/2017-01-18/dershowitz-adds-star-power-to-already-heated-transperfect-fight|work=Bloomberg|agency=Bloomberg LP|date=18 January 2017}}</ref> Dershowitz argued that Chancellor Bouchard's decision was tantamount to an illegal ].<ref name="Feeley_Dersh"/> Delaware Chief justice ] argued back to Dershowitz that he had no right to bring that up since it was not in the initial case, and the two argued over the law.<ref name="Mordock_Strine">{{cite news|last1=Mordock|first1=Jeff|title=Alan Dershowitz, Justice Strine spar over TransPerfect|url=http://www.delawareonline.com/story/news/2017/01/18/sparks-fly-heated-transperfect-case/96719902/|work=New Journal|agency=USA Today|issue=18 January 2017|publisher=Delawareonline}}</ref> The appeal affirmed Bouchard's decision.<ref name="McParland_Appeal">{{cite news|last1=McParland|first1=Tom|title=Del. Supreme Court Upholds Forced Sale of TransPerfect|url=http://www.delawarelawweekly.com/id=1202779110489/Del-Supreme-Court-Upholds-Forced-Sale-of-TransPerfect?slreturn=20170122103721|work=Delaware Law Weekly|publisher=ALM Media Properties, LLC|date=13 February 2017}}</ref>
Shawe and Dershowitz then suggested that they will petition the ] for ].<ref name="McParland_certiorari">{{cite news|last1=McParland|first1=Tom|title=TransPerfect-Linked Group Lobbies to Curb Forced Sales of Corporations|url=http://www.delawarelawweekly.com/id=1202777316002/TransPerfectLink-Group-Lobbies-for-Curbs-on-Forced-Sales-of-Corporations?mcode=1202617074375&curindex=1&curpage=2|work=Delaware Law Weekly|publisher=ALM Media Properties, LLC|date=20 January 2017}}</ref>
In March 2017, Shirley Shawe announced that she would attempt to break the manufactured corporate deadlock to end the legal case and stop the court imposed sale,<ref name="BCL_Durkin">{{cite journal |last1=Durkin |first1=Brian C. |title=Manufactured Deadlocks? The Problematic "Bad Faith Defense" to Forced-Sales of Delaware Corporations Under Section 226 of the Delaware General Corporation Law |journal=Boston College Law Review |date=2018 |volume=59 |issue=2 |pages=724–761 |url=https://lawdigitalcommons.bc.edu/bclr/vol59/iss2/6/ }}</ref> and laid out a plan to vote her single share with Elting's 50%, giving Elting control to appoint five board members with staggered terms, making it mathematically improbable for deadlock to ensue.<ref name="Pappas_Shirley">{{cite news|last1=Pappas|first1=Leslie|title=TransPerfect Shareholder Offers to Break Owner Deadlock|url=https://www.bna.com/transperfect-shareholder-offers-n57982085262/|agency=Bloomberg BNA|publisher=Bloomberg|date=16 March 2017}}</ref><ref name="Sullivan_Shirley">{{cite news|last1=Sullivan|first1=Vincent|title=TransPerfect Shareholder Seeks Meeting To Expand Board|url=https://www.law360.com/articles/916010/transperfect-shareholder-seeks-meeting-to-expand-board|agency=Law360|publisher=Portfolio Media, Inc.|date=21 April 2017}}</ref> Elting's team rejected that offer, advising that there was already a sale order in place.<ref name="Taylor_Shirley">{{cite news|last1=Taylor|first1=Charles|title=Milim/TransPerfect and the Delaware business climate|url=http://blogs.timesofisrael.com/response-to-sherwin-pomerantz-on-milimtransperfect-and-the-delaware-business-climate/|agency=Times of Israel|publisher=Times of Israel|date=11 April 2017}}</ref><ref name="Bonini_Shirley">{{cite news|last1=Bonini|first1=Colin|title=The 51 percent solution in the Transperfect case|url=http://www.delawareonline.com/story/opinion/contributors/2017/03/21/51-percent-solution-transperfect-case/99458796/|agency=DelawareOnline|publisher=The News Journal Media Group|date=21 March 2017}}</ref>
On 2 June 2017, the Delaware Chancellor heard the case of Shirley Shawe's proposal to grant the votes of her 1% to Elting to cede control, and simultaneously heard the motion by Elting to sanction Shawe for trying to settle the case without the public sale.<ref name="Waltz_June2">{{cite news|last1=Waltz|first1=Samuel|title=Analysis: TransPerfect crawling toward a resolution?|url=http://www.delawarebusinesstimes.com/analysis-transperfect-crawling-toward-resolution/|agency=Delaware Business Times|issue=20 June 2017|publisher=Delaware Business Times}}</ref> Bouchard appeared unsettled by the amount of media that this case has garnered,<ref name="Hayley_July10">{{cite news|last1=Reese|first1=Hayley|title=Delaware Law Updates - TransPerfect's Controversial Business Divorce Continues, Illustrating The Need For LLC Operating Agreements|url=http://www.jdsupra.com/legalnews/delaware-law-updates-transperfect-s-11609/|agency=JDSupra|publisher=JD Supra, LLC|date=10 July 2017}}</ref><ref name="McParland_June2">{{cite news|last1=McParland|first1=Thomas|title=Bouchard Sends TransPerfect Dispute to Mediation With Ex-Chancellor|url=http://www.delbizcourt.com/id=1202788673678/Bouchard-Sends-TransPerfect-Dispute-to-Mediation-With-ExChancellor|agency=http://www.delbizcourt.com|publisher=ALM Media Properties, LLC|date=5 June 2017}}</ref> and stated that this case should settle out of court.<ref name="Waltz_June2"/> During the hearing, he challenged Elting, asking her why she would not accept control of the company as she has stated she wanted during the initial case and the appeal,<ref name="Chiappardi_June2">{{cite news|last1=Chiappardi|first1=Matt|title=Chancery Orders Fierce TransPerfect Dispute Into Mediation|url=https://www.law360.com/articles/930695/chancery-orders-fierce-transperfect-dispute-into-mediation|agency=Law360|publisher=LexisNexis|date=2 June 2017}}</ref> and her attorney intervened and stated that she would not run a company where Philip Shawe owned 49%.<ref name="Chiappardi_June2"/><ref name="Rainey_June2">{{cite news|last1=Rainey|first1=Douglas|title=Mediator appointed in effort to resolve TransPerfect impasse|url=http://delawarebusinessnow.com/2017/06/trustee-appointed-effort-resolve-transperfect-impasse/|agency=Delaware Business Now|publisher=Bird Street Media LLC|date=3 June 2017}}</ref>

Judge Bouchard chose to order mediation while still pursuing the public sale order,<ref name="Chiappardi_June2"/><ref name="Rainey_June2"/><ref name="Waltz_June2"/> stating that he had appointed former Chancellor ] to mediate, and would not rule on either motion for at least 30 days.<ref name="Rainey_June2"/>

After the final round of bidding for the company on 10 November passed, late in the evening on 14 November 2017, Delaware State Senator ] wrote an email to Chancellor Andre Bouchard asking to be permitted to oversee the review of bids. Bonini cited questions of "conflicts that would make the auction process appear 'rigged or invalid,'" dealing with ], the investment bank running the TransPerfect auction, and the law firm Skadden Arps, and one of the bidders that was allegedly intertwined with both.<ref name="Chiappardi_Bonini">{{cite news|last1=Chiappardi|first1=Matthew|title=Del. State Lawmaker Wants To Intervene In TransPerfect Sale - Law360|url=https://www.law360.com/articles/985746/del-state-lawmaker-wants-to-intervene-in-transperfect-sale|work=www.law360.com|agency=Law360|publisher=Lexis Nexis|date=15 November 2017}}</ref> Bouchard notified the parties that he would not take any action on the letter, but entered it into the public record; several media then reported the letter and the allegations.<ref name="Rainey_Bonini">{{cite news|last1=Rainey|first1=Douglas|title=Bonini points to potential conflicts in process of selling TransPerfect - Delaware Business Now|url=http://delawarebusinessnow.com/2017/11/bonini-points-potential-conflicts-process-selling-transperfect/|work=Delaware Business Now|agency=Delaware Business Now|date=16 November 2017}}</ref>

With more than two years of litigation and legal questions over whether a court can order the auction of a successful private company that is not in distress or bankruptcy,<ref name="McParland_Shawe_Bid">{{cite news|last1=McParland|first1=Tom|title=Custodian Says Shawe to Purchase Rival's TransPerfect Stake {{!}} Delaware Business Court Insider|url=https://www.law.com/delbizcourt/sites/delbizcourt/2017/11/21/custodian-says-shawe-to-purchase-rivals-transperfect-stake/|work=Delaware Business Court Insider|agency=Delaware Business Court Insider|publisher=Law.com|date=21 November 2017}}</ref> the court appointed custodian, Robert Pincus, a partner at ], announced in a 20 November 2017 email to the employees of the company, that Philip Shawe was the successful bidder in the public auction, and that he was in final talks to bring this matter to an end.<ref name="Chiappardi_Shawe_Bid">{{cite news|last1=Chiappardi|first1=Matthew|title=Shawe Forges Deal To Buy TransPerfect After Bitter Fight - Law360|url=https://www.law360.com/articles/987242/shawe-forges-deal-to-buy-transperfect-after-bitter-fight|work=www.law360.com|agency=Law360|publisher=Lexis Nexis|date=21 November 2017}}</ref>

In November 2022, TransPerfect filed ] in the United States Supreme Court to challenge the Delaware Chancery's previous ruling of contempt and sanctions against TransPerfect for filing a suit across "]al lines" when the company challenged a set of Chancery rulings in Nevada, its state of incorporation. TransPerfect claimed the contempt finding violated rights protected by the First and Fourteenth amendments, arguing the company should have been permitted to proceed with its Nevada case and not allowing it to do so could serve as a warning to other corporate litigants.<ref name="Bardash_SCOTUS">{{cite news |last1=Bardash |first1=Ellen |title=TransPerfect, in Petition to SCOTUS, Says Chancery Sanction 'Threatens to Warp Complex Corporate Litigation' |url=https://www.law.com/delbizcourt/2022/11/10/transperfect-in-petition-to-scotus-says-chancery-sanction-threatens-to-warp-complex-corporate-litigation/ |work=Delaware Business Court Insider |issue=10 November 2022 |publisher=ALM Media }}</ref>

Also, in November 2022, the company filed a securities fraud lawsuit against the former court appointed custodian Pincus and financial advisor ] in the ]. The suit claims the two intentionally led Shawe to overbid on his ex-partners TransPerfect shares by $70 million, by lying about the money Shawe would need to bid to gain control of Elting's TransPerfect shares in order to save face with the Chancery Court and get a bigger payout themselves. The company alleged that Pincus and Credit Suisse reportedly told TransPerfect and Shawe there had been bids higher than theirs in the auction, and that to successfully purchase Elting's shares, they would have to raise their bid an additional $70 million. The information for the complaint was based on information obtained during discovery in a New York litigation issue, and that Shawe's bid of $710 million was already the highest made in the auction when accounting for deductions and tax considerations.<ref name="Law360USDC Delaware">{{cite news |last1=Keckley |first1=Andrea |title=Ex-Skadden Atty, Credit Suisse Accused Of Pushing Bid Boost - Law360 |url=https://www.law360.com/articles/1548390/ex-skadden-atty-credit-suisse-accused-of-pushing-bid-boost |work=www.law360.com |publisher=ALM Publishing |date=10 November 2022 }}</ref>

===Legal Billing Disputes===
The company has since been contending that Pincus has continued to submit legal bills more than one year after his role ended in 2018, and attorneys for the company are seeking to have the legal bills itemized and explained, which Bouchard has continuously denied.<ref name="Itemized Bills">{{cite news |last1=Bennett |first1=Judson |title=IT IS TIME TO REIGN IN THE CHANCERY COURT - TOO MANY ARBITRARY AND CAPRICIOUS RULINGS BY CHANCELLOR ANDRE BOUCHARD! |url=http://www.coastalnetwork.com/it-is-time-to-reign-in-the-chancery-court-too-many-arbitrary-and-capricious-rulings-by-chancellor-andre-bouchard/ |work=Coastal Network |date=30 March 2019}}</ref><ref name="Reform Chancery">{{cite news |last1=Vuocolo |first1=Alex |last2=Mammarella |first2=Ken |title=Advocates for TransPerfect pivot to 'good government' reforms - DBT |url=https://www.delawarebusinesstimes.com/transperfect-advocates-pivot/ |work=Delaware Business Times |date=10 July 2019}}</ref>

On 10 July 2019, one last issue of TransPerfect was raised before the Chancery court. Elting sued one more time for legal bills that she claimed were owed to her by the company under her indemnification clause, while the company maintained that it paid what was due and that these expenses fell outside of the agreement.
<ref name="Elting Bills">{{cite news |last1=Bennett |first1=Judson |title=Drama in Delaware as Chancery Court's Bouchard Again Meets TransPerfect in Court |url=http://www.coastalnetwork.com/drama-in-delaware-as-chancery-courts-bouchard-again-meets-transperfect-in-court/ |work=Coastal Network |date=15 July 2019}}</ref>

Another set of legal disputes rising from issues related to the protracted sale order case in Delaware, TransPerfect and Shawe had claimed that Skadden Arps had been billing excessively for work it would not explain, and the Chancellor granted the law firm's fee requests without Transperfect having an opportunity to review it.<ref name="ATLRubino_Invoices">{{cite news |last1=Rubino |first1=Kathryn |title=New Lawsuit Takes Aim At Skadden Billing Practices |url=https://abovethelaw.com/2019/08/new-lawsuit-takes-aim-at-skadden-billing-practices/ |work=Above the Law |date=16 August 2019}}</ref> Chancellor Bouchard had sided with the law firm and continued to permit it to submit invoices for unspecified work.<ref name="Dersh_Invoices">{{cite news |last1=Rainey |first1=Douglas |title=Alan Dershowitz rejoins legal team in TransPerfect billing battle |url=https://delawarebusinessnow.com/2019/10/alan-dershowitz-joins-legal-team-in-transperfect-billing-battle/ |work=Delaware Business Now |date=9 October 2019}}</ref> Shawe contended that the invoices be itemized and made public, but the Chancellor agreed with Skadden that by requiring a law firm to disclose what it was billing in a public forum could harm the ability for companies registered in Delaware to protect its interests.<ref name="MLBBRG_Invoices">{{cite news |last1=Leonard |first1=Mike |title=TransPerfect Gets Invoices, Drops Skadden Suit, Appeals Fine |url=https://biglawbusiness.com/transperfect-drops-skadden-suit-appeals-sanctions-ruling |work=biglawbusiness.com |agency=Bloomberg Law |date=21 October 2019 }}</ref> The Chancellor agreed and mandated that the invoices must remain hidden, but lawyers for Shawe and TransPerfect could view limited details and then, within a certain time frame, submit disputes to items it takes issue with. As a result, Skadden Arps has included in its billing to TransPerfect, charges to defend its interests against Shawe's requests to see itemized invoices.<ref name="CN_Invoices_I">{{cite news |last1=Bennett |first1=Judson |title=Bills Still not Visible, Despite Bouchard's Order for TransPerfect Transparency! |url=https://thecoastalnetwork.com/still-no-itemized-bills-from-skadden-arps-to-transperfect/ |work=Coastal Network |publisher=Coastal Network |date=19 November 2019}}</ref><ref name="McP_Invoices">{{cite news |last1=McParland |first1=Tom |title=Skadden's Alleged 'Questionable Billing' at Heart of Del. Court Hearing |url=https://www.law.com/americanlawyer/2019/10/09/transperfect-promises-to-expose-skaddens-questionable-billing-405-46113/ |work=The American Lawyer |agency=New York Law Journal |publisher=ALM |date=9 October 2019 }}</ref>

===Employee group forms===
Included in this case has been a campaign waged by a group that calls itself Citizens for a Pro-Business Delaware<ref name="Hals_CFPBD">{{cite news|last1=Hals|first1=Thomas|title=Top Delaware court upholds sale of translation firm TransPerfect|url=http://finance.yahoo.com/news/top-delaware-court-upholds-sale-223346839.html|work=Reuters|agency=Yahoo News|date=13 February 2017}}</ref> to lobby the legislature to change the chancery rules regarding the forced sale of a private, well performing company.<ref name="DBN_Special">{{cite news|title=Citizens for a Pro-Business Delaware launches six-figure advertising effort|url=http://delawarebusinessnow.com/2017/01/citizens-pro-business-delaware-launches-six-figure-advertising-effort/|work=DELAWARE BUSINESS NOW|publisher=bird street media llc|date=11 January 2017}}</ref> The group claims over 1200 members.<ref name="Mordock_Coffey">{{cite news|last1=Mordock|first1=Jeff|title=Supreme Court decision a loss for TransPerfect workers|url=http://www.delawareonline.com/story/money/2016/10/18/transperfect-workers-motion-support-appeal-denied/92349636/|work=News Journal|agency=Delaware Online|publisher=USA Today|date=18 October 2016}}</ref> "Citizens " built a website, has run television commercials,<ref name="Mordock_Citizens">{{cite news|last1=Mordock|first1=Jeff|title=TransPerfect workers spend $300,000 on new TV ads|url=http://www.delawareonline.com/story/money/2017/02/02/transperfect-workers-spend-300k-new-tv-ads/97401994/|work=The News Journal|agency=Delaware Online|publisher=USA Today|date=2 February 2017}}</ref> taken billboard and newspaper ads, petitioned elected leaders<ref name="McParland_Citizens">{{cite news|last1=McParland|first1=Tom|title=For TransPerfect-Aligned Group, a Legislative Waiting Game|url=http://www.delbizcourt.com/id=1202779467771/For-TransPerfectAligned-Group-a-Legislative-Waiting-Game?slreturn=20170122175046|work=Delaware Business Court Insider|publisher=ALM Media Properties, LLC.|date=17 February 2017}}</ref> and held press conferences to press the issue of their concern for the jobs that may be lost<ref name="Mordock_Coffey"/> and the impact this decision would have on Delaware's ability to continue attracting new companies to incorporate in the state.<ref name="Feeley_Coffey">{{cite news|last1=Feeley|first1=Jef|title=Photographer: Henrik Sorensen/Getty Images TransPerfect's Auction Order Endorsed by Delaware High Court|url=https://www.bloomberg.com/news/articles/2017-02-13/transperfect-forced-sale-order-upheld-by-delaware-supreme-court|work=Bloomberg Technology|publisher=Bloomberg LP|date=13 February 2017}}</ref>

===Controversial legal issues===
There have been charges of unethical actions by Elting's law firm ],<ref name="Maya_Rajamani">{{cite news|last1=Rajamani|first1=Maya|title=Chancery Sanctions Kramer Levin In TransPerfect Case|url=https://www.law360.com/articles/691571/corrected-chancery-sanctions-kramer-levin-in-transperfect-case|work=Law360|agency=LexiNexis|date=14 August 2015}}</ref> which was sanctioned by the Chancery Court for "repeatedly instruct a witness not to answer questions."<ref name="CASSENS_WEISS">{{cite news|last1=CASSENS WEISS|first1=DEBRA|title=Kramer Levin is sanctioned $135K for deposition conduct|url=http://www.abajournal.com/news/article/kramer_levin_is_sanctioned_135k_for_deposition_conduct|work=ABA Journal|publisher=American Bar Association|date=30 September 2015}}</ref>

A defamation suit was filed by Shirley Shawe against Kramer Levin, claiming that its lead attorney on the case "crossed the line" by making false statements in connection with the Delaware sale case that "were intended to damage Shawe's business and personal reputation," while talking to a reporter about the case.<ref name="Feeley_Defamation">{{cite news|last1=Feeley|first1=Jef|title=TransPerfect's Shawe Escalates Feud With Defamation Suit|url=https://www.bloomberg.com/news/articles/2017-02-01/transperfect-s-shawe-escalates-company-feud-with-defamation-suit|work=Bloomberg Technology|agency=Bloomberg LP|date=1 February 2017}}</ref> Citing that same interview, attorney Philip Kaufman was also accused of contradicting himself when he argued before the appeal court from what he claimed to the reporter.<ref name="Rainey_Kramer">{{cite news|last1=Rainey|first1=Douglas|title=TransPerfect shareholder claims opposing attorney offers contradictory statements|url=http://delawarebusinessnow.com/2017/02/transperfect-shareholder-claims-opposing-attorney-offers-contradictory-statements/|work=Delaware Business Now|publisher=bird street media llc|date=20 February 2017}}</ref> Shawe ran a series of TV ads highlighting the varying sets of comments made by Kaufman and the video was posted to YouTube.<ref name="Rainey Shawe Video">{{cite news|last1=Rainey|first1=Doug|title=TransPerfect shareholder claims opposing attorney offers contradictory statements|url=http://delawarebusinessnow.com/2017/02/transperfect-shareholder-claims-opposing-attorney-offers-contradictory-statements/|agency=Delaware Business Now|publisher=bird street media llc|date=20 February 2017}}</ref>


== References == == References ==
{{reflist|2}} {{reflist}}

==External links==
*{{Official website|https://www.transperfect.com/}}


{{DEFAULTSORT:Transperfect}} {{DEFAULTSORT:Transperfect}}
] ]
] ]
]
]
] ]

Latest revision as of 02:33, 26 December 2024

American translation services company

This article contains promotional content. Please help improve it by removing promotional language and inappropriate external links, and by adding encyclopedic text written from a neutral point of view. (August 2019) (Learn how and when to remove this message)
TransPerfect
Company typePrivate
Industry
Founded1992 (1992)
Founders
HeadquartersNew York City, United States
Area servedWorldwide
Key peoplePhil Shawe (CEO)
Products
  • GlobalLink
  • StudioNext
  • DataForce
  • AppLanga
Services
  • Subtitling
  • Dubbing
  • Translation
  • Closed captioning
RevenueUS$1,100,000,000  (2022)
Number of employees7,000 (2021)
Divisions
Websitetransperfect.com

TransPerfect is an American translation and language services company. The company serves clients in many fields, such as film, gaming, law, and healthcare. As of 2012, TransPerfect is "the largest privately owned language services provider, with offices in over 100 cities worldwide" and more than 7,500 employees.

History

TransPerfect's founders Elizabeth Elting and Phil Shawe met in a New York University (NYU) dormitory room and founded the company in 1992. With no external financing, TransPerfect grew from a two-person dormitory-based operation into one of the 125 largest privately held companies in the New York area.

In 1998, the firm began expanding worldwide. In 1999, TransPerfect established a technology division, launching Translations.com with several million dollars in outside investment to meet the demand for software and website translations. In 2004, they bought out their investors and merged TransPerfect and Translations.com.

The company grew using primarily live translation services from multilingual people all over the world. In 2003, TransPerfect began using Wordfast, which was initially developed as a platform-independent translation memory software. While TransPerfect used the Wordfast product under license, it remained a wholly separate entity that is operated by the software’s founder Yves Champollion.

As its revenues grew to nearly $65 million in 2005, the firm continued making key acquisitions. TransPerfect acquired Crimson Language Services, a Boston-based medical and other highly-regulated industries translation company.

Adding to its business, TransPerfect acquired Digital Reef in 2012 and entered the electronic discovery business.

In 2013, the company acquired Vasont Systems, a component content management system that helps companies publish multilingual technical documentation, product manuals, and other business information.

From 2015 to 2018, TransPerfect was involved in a legal dispute between its founders. It closed 2016 with sales at $546 million and its sales for the full year 2017 totaled $614.8m. Two months after the conclusion of the three-year lawsuit that ended with Shawe becoming the sole owner, the company posted its most successful month's revenues in June 2018, at $62 million. It posted $337 million for the first half of 2018, which was up nearly 20% from 2017.

In 2019 the company acquired media localization companies in the areas of gaming and streaming services, and opened a new 900-seat facility in Arizona.

In 2019, TransPerfect acquired the marketing and naming rights to the annual Music City Bowl for a five-year period. The 2020 game was cancelled due to covid, making its sponsorship through 2025.

In 2021, TransPerfect acquired Swedish language-technology business Semantix for $100 million dollars from the private equity fund Segulah Advisors. The acquisition allowed TransPerfect to provide translation and interpretation services for both the public and private sectors throughout the Nordic region, a place they previously had limited access.

In August 2022, TransPerfect acquired Sterling Technology, a European provider of virtual data rooms. The acquisition puts the companies in a better position to compete against the larger players in the VDR market, which businesses use to securely send and store information for complex financial transactions.

In October 2022, TransPerfect closed a deal to buy Paris based Hiventy Group, which specializes in technical audiovisual services including post-production, localization, distribution, and film restoration. The acquisition brings the total owned-and-operated footprint to over 90 recording rooms and eight theatrical rooms worldwide for the company.

The company posted its 2022 revenues at $1.16 Billion, marking its 30th year of business and growth and 120 consecutive quarters of increased revenue for the privately held company.

Legal activities

Founders dispute

This section may lend undue weight to certain ideas, incidents, or controversies. Please help improve it by rewriting it in a balanced fashion that contextualizes different points of view. (August 2019) (Learn how and when to remove this message)

Following an apparent difficulty in communications between one another, Elting considered her options regarding her 50% ownership of the company. Among the issues she was concerned with was the value of her 50% ownership share. Elting sought relief from the legal system. Shawe saw that as an attempt by Elting to use the courts to help her negotiate an exit agreement. In 2014, Elting sought to remove Shawe as an officer of TransPerfect Translations International, Inc. (TPI). Elting sought an injunction barring Shawe from conducting any managerial activity related to TransPerfect and sought the dissolution of TransPerfect, alleging that Shawe had engaged in "erratic and abusive behavior". New York State Supreme Court Justice Melvin Schweitzer dismissed the case, suggesting the two needed to work it out privately and not seek remedy from a court.

Forced sale

The suit was then taken to the Delaware Chancery where Elting reissued her complaint, and Shawe alleged that Elting had breached her fiduciary duties by not moving ahead with certain business-related opportunities, such as leases, acquisitions, and diverting funds for her own personal use. In August 2015, The Chancellor of the Delaware Chancery Court, Andre Bouchard, decided to have a third-party sell the shares of the company in a public auction.

Former New York Mayor Rudolph Giuliani chimed in and suggested that the court decision in Delaware would harm Delaware's status as a popular business incorporation state. NY Justice Schweitzer also publicly commented on the case in Delaware, saying, "I was kind of shocked at how extreme the result was... The company is still doing phenomenally well and I thought there were steps that should have been taken short of ordering a sale. That's what I would have done if I still had the case."

The argument against the Chancellor has been the misapplication of Delaware General Corporation Law, clause 226 that authorizes the sale of a company when it faces financial default and other catastrophic issues. Here, as the company has only proven to do even better each year, even during this lawsuit period. The defendants have argued that the company has not suffered and that the only remedy is the appointment of tie-breaking board member to help move issues along. Following Bouchard's decision, Shawe sought an appeal of the ruling and the oral argument was held on 18 January 2017.

For the appeal, Professor Alan Dershowitz argued for Shirley Shawe, a 1% owner in the company. Dershowitz argued that Chancellor Bouchard's decision was tantamount to an illegal constitutional taking. Delaware Chief justice Leo Strine argued back to Dershowitz that he had no right to bring that up since it was not in the initial case, and the two argued over the law. The appeal affirmed Bouchard's decision. Shawe and Dershowitz then suggested that they will petition the U.S. Supreme Court for certiorari. In March 2017, Shirley Shawe announced that she would attempt to break the manufactured corporate deadlock to end the legal case and stop the court imposed sale, and laid out a plan to vote her single share with Elting's 50%, giving Elting control to appoint five board members with staggered terms, making it mathematically improbable for deadlock to ensue. Elting's team rejected that offer, advising that there was already a sale order in place. On 2 June 2017, the Delaware Chancellor heard the case of Shirley Shawe's proposal to grant the votes of her 1% to Elting to cede control, and simultaneously heard the motion by Elting to sanction Shawe for trying to settle the case without the public sale. Bouchard appeared unsettled by the amount of media that this case has garnered, and stated that this case should settle out of court. During the hearing, he challenged Elting, asking her why she would not accept control of the company as she has stated she wanted during the initial case and the appeal, and her attorney intervened and stated that she would not run a company where Philip Shawe owned 49%.

Judge Bouchard chose to order mediation while still pursuing the public sale order, stating that he had appointed former Chancellor Bill Chandler to mediate, and would not rule on either motion for at least 30 days.

After the final round of bidding for the company on 10 November passed, late in the evening on 14 November 2017, Delaware State Senator Colin Bonini wrote an email to Chancellor Andre Bouchard asking to be permitted to oversee the review of bids. Bonini cited questions of "conflicts that would make the auction process appear 'rigged or invalid,'" dealing with Credit Suisse, the investment bank running the TransPerfect auction, and the law firm Skadden Arps, and one of the bidders that was allegedly intertwined with both. Bouchard notified the parties that he would not take any action on the letter, but entered it into the public record; several media then reported the letter and the allegations.

With more than two years of litigation and legal questions over whether a court can order the auction of a successful private company that is not in distress or bankruptcy, the court appointed custodian, Robert Pincus, a partner at Skadden Arps, announced in a 20 November 2017 email to the employees of the company, that Philip Shawe was the successful bidder in the public auction, and that he was in final talks to bring this matter to an end.

In November 2022, TransPerfect filed certiorari in the United States Supreme Court to challenge the Delaware Chancery's previous ruling of contempt and sanctions against TransPerfect for filing a suit across "jurisdictional lines" when the company challenged a set of Chancery rulings in Nevada, its state of incorporation. TransPerfect claimed the contempt finding violated rights protected by the First and Fourteenth amendments, arguing the company should have been permitted to proceed with its Nevada case and not allowing it to do so could serve as a warning to other corporate litigants.

Also, in November 2022, the company filed a securities fraud lawsuit against the former court appointed custodian Pincus and financial advisor Credit Suisse in the Federal District of Delaware. The suit claims the two intentionally led Shawe to overbid on his ex-partners TransPerfect shares by $70 million, by lying about the money Shawe would need to bid to gain control of Elting's TransPerfect shares in order to save face with the Chancery Court and get a bigger payout themselves. The company alleged that Pincus and Credit Suisse reportedly told TransPerfect and Shawe there had been bids higher than theirs in the auction, and that to successfully purchase Elting's shares, they would have to raise their bid an additional $70 million. The information for the complaint was based on information obtained during discovery in a New York litigation issue, and that Shawe's bid of $710 million was already the highest made in the auction when accounting for deductions and tax considerations.

Legal Billing Disputes

The company has since been contending that Pincus has continued to submit legal bills more than one year after his role ended in 2018, and attorneys for the company are seeking to have the legal bills itemized and explained, which Bouchard has continuously denied.

On 10 July 2019, one last issue of TransPerfect was raised before the Chancery court. Elting sued one more time for legal bills that she claimed were owed to her by the company under her indemnification clause, while the company maintained that it paid what was due and that these expenses fell outside of the agreement.

Another set of legal disputes rising from issues related to the protracted sale order case in Delaware, TransPerfect and Shawe had claimed that Skadden Arps had been billing excessively for work it would not explain, and the Chancellor granted the law firm's fee requests without Transperfect having an opportunity to review it. Chancellor Bouchard had sided with the law firm and continued to permit it to submit invoices for unspecified work. Shawe contended that the invoices be itemized and made public, but the Chancellor agreed with Skadden that by requiring a law firm to disclose what it was billing in a public forum could harm the ability for companies registered in Delaware to protect its interests. The Chancellor agreed and mandated that the invoices must remain hidden, but lawyers for Shawe and TransPerfect could view limited details and then, within a certain time frame, submit disputes to items it takes issue with. As a result, Skadden Arps has included in its billing to TransPerfect, charges to defend its interests against Shawe's requests to see itemized invoices.

Employee group forms

Included in this case has been a campaign waged by a group that calls itself Citizens for a Pro-Business Delaware to lobby the legislature to change the chancery rules regarding the forced sale of a private, well performing company. The group claims over 1200 members. "Citizens " built a website, has run television commercials, taken billboard and newspaper ads, petitioned elected leaders and held press conferences to press the issue of their concern for the jobs that may be lost and the impact this decision would have on Delaware's ability to continue attracting new companies to incorporate in the state.

Controversial legal issues

There have been charges of unethical actions by Elting's law firm Kramer Levin Naftalis & Frankel, which was sanctioned by the Chancery Court for "repeatedly instruct a witness not to answer questions."

A defamation suit was filed by Shirley Shawe against Kramer Levin, claiming that its lead attorney on the case "crossed the line" by making false statements in connection with the Delaware sale case that "were intended to damage Shawe's business and personal reputation," while talking to a reporter about the case. Citing that same interview, attorney Philip Kaufman was also accused of contradicting himself when he argued before the appeal court from what he claimed to the reporter. Shawe ran a series of TV ads highlighting the varying sets of comments made by Kaufman and the video was posted to YouTube.

References

  1. ^ Bond, Esther (6 February 2023). "TransPerfect Revenues Climb to USD 1.16 Billion in 2022, up 4.6% Year-on-Year". Slator.
  2. "TransPerfect Widens Lead as World's Largest Provider of Translation-Related Technology and Services". GlobeNewswire. Retrieved 7 February 2019.
  3. Collins, Bryan (16 May 2019). "TransPerfect CEO Phil Shawe Explains How Leaders Spend Their Day". Forbes.
  4. Bond, Esther (6 September 2019). "TransPerfect Acquires Game Localization Specialist MoGi Group". Slator.
  5. Stengel, Geri (27 February 2013). "A $340 Million Company Shares Strategies For Growing Without Outside Funding". Forbes. Retrieved 11 January 2016.
  6. reporter, Luis Rios / El Paso Inc (12 July 2022). "Westside contact center to employ over 400". El Paso Inc.
  7. Elstein, Aaron (19 December 2019). "TransPerfect to be first New York company to put name on college bowl game". Crain's New York Business.
  8. Chase, Randall (13 February 2017). "Court-Ordered Sale of TransPerfect Translation Company Is Upheld". New York Times.
  9. Stengel, Geri (11 January 2012). "Want to Grow the Economy? Change Four Attitudes About Women Entrepreneurs". Forbes. Retrieved 11 January 2016.
  10. "Top 125 Privately Held Companies". Crain's New York Business. Crain Communications, Inc. 19 November 2012. Retrieved 19 June 2013.
  11. ^ Savchuk, Katia (25 March 2016). "Inside The Nasty Corporate Divorce Between Ex-Lovers Who Built A Company Worth Nearly $1 Billion". Forbes.
  12. Smart, Andrew (11 September 2017). "Wordfast May Not Be Part of TransPerfect Sale | Slator". Slator.
  13. Taylor, Charlie (14 October 2017). "Pirates of the First State: At Business Climate's End". Coastal Network.
  14. DePalma, Donald A. (27 October 2005). "Merger and Acquisition Activity Continues as TransPerfect Acquires Crimson". www.commonsenseadvisory.com. Common Sense Advisory, Inc.
  15. Alspach, Kyle (4 October 2012). "Matrix-backed Digital Reef acquired by TransPerfect". www.bizjournals.com. Boston Business Journal.
  16. "TransPerfect Merger with Vasont: One-Stop Solution for Global Clients". TechWhirl. Tech Writer Today Magazine. 27 January 2014.
  17. Bell, Terena (27 April 2017). "A flawed decision on TransPerfect". Crain's New York Business. Crain Communications.
  18. TransPerfect. "TransPerfect Annual Sales Reach All-Time High in 2016". GlobeNewswire News Room. TransPerfect.
  19. "TransPerfect Posts Record USD 615M Revenue for 2017 | Slator". Slator. 17 January 2018. Retrieved 8 February 2018.
  20. Rainey, Douglas (15 July 2018). "TransPerfect reports record revenue after court clears way for co-founder to buy out partner - Delaware Business Now". delawarebusinessnow.com.
  21. Kosman, Josh (13 July 2018). "TransPerfect business booming after years-long 'custody' battle". New York Post. News Corp.
  22. Ringle, Hayley (9 October 2018). "New York translation services firm hiring hundreds for expanded Phoenix call center". www.bizjournals.com.
  23. Bond, Esther (7 October 2019). "TransPerfect Buys Lylo, Lassostudios, Sublime, and AGM in Media Loc Acquisition Spree". Slator.
  24. "TRANSPERFECT SIGNS ON AS TITLE SPONSOR FOR THE MUSIC CITY BOWL". Inside The Huddle. Music City Bowl.
  25. Organ, Mike (8 December 2019). "TransPerfect becomes title sponsor of the Music City Bowl". The Tennessean. Retrieved 2 January 2024.
  26. Cobb, David (27 December 2020). "2020 Music City Bowl canceled as COVID-19 outbreak forces Missouri to pull out of game vs. Iowa". CBSSports.com. CBS News.
  27. Cumming, Chris (31 July 2021). "Segulah sells translation firm Semantix for $100m". www.penews.com. WSJ.
  28. Bergman, Ben (26 August 2022). "Exclusive: TransPerfect is buying Sterling Technology, uniting the world's largest language service provider with the European virtual data room startup". Business Insider. Business Insider.
  29. Group, TransPerfect, Hiventy (18 October 2022). "TransPerfect Acquires Hiventy Group". Longview News-Journal. {{cite news}}: |last1= has generic name (help)CS1 maint: multiple names: authors list (link)
  30. Rainey, Douglas (2 January 2017). "Did TransPerfect's Shawe get a fair shake in sales dispute?". No. a would-be buyer other than Shawe would not pay top-dollar for a 50-50 share that would still leave control of the company in limbo. bird street media llc. Delaware Business Now.
  31. Faes, Florian (29 November 2016). "A Fight About Money, Not Spite, Says TransPerfect's Phil Shawe". Slator.com.
  32. Elting v. Shawe (Supreme Court Of The State Of New York County Of New York 4 August 2014), Text.
  33. Ross, Barbara (18 June 2014). "Co-founder of $400 million company seeks restraining order against his business partner and former lover". New York Daily News. NYDailyNews.com. Retrieved 18 June 2014.
  34. "TransPerfect Translations International Announces Major Victory In New York Supreme Court". PR Newswire. The Street. 8 September 2014.
  35. Chiappardi, Matthew (3 June 2015). "TransPerfect Co-CEOs Warned To Make Peace Or Else". Portfolio Media, Inc. Law360.
  36. "Court orders feuding biz partners, ex-lovers, to sell their profitable translation firm".
  37. Mordock, Jeffrey (22 April 2016). "Giuliani blasts Delaware court for decision in lover's spat". News Journal. USA Today. Delaware Online.
  38. Davidoff Solomon, Steven (15 November 2016). "TransPerfect Is Threatened by Owners' Petulance". Dealbook. New York Times.
  39. Mordock, Jeff (12 January 2017). "Shawe adds celebrity attorney Dershowitz to legal team". The News Journal. USA Today. The Arizona Republic.
  40. Samaha, Sarah M. (2018). "Shawe v. Elting: The Imperfect Sale of TransPerfect Global, Inc". Maryland Law Review. 77 (3): 900–927. Retrieved 25 July 2018.
  41. Bonini, Colin (8 February 2017). "We must keep Delaware the best place for business". Delaware Voice. USA Today Network. The News Journal.
  42. Lucas, Fred (27 May 2016). "Judicial Overreach: Small Court, Big Economic Ramifications". Townhall.com. Townhall.
  43. Mordock, Jeffrey (16 November 2016). "Supreme Court to hear TransPerfect case on Jan. 18". The News Journal. Delaware Online. USA Today Network.
  44. ^ Feeley, Jef (18 January 2017). "Dershowitz Adds Star Power to Heated TransPerfect Fight". Bloomberg. Bloomberg LP.
  45. Mordock, Jeff. "Alan Dershowitz, Justice Strine spar over TransPerfect". New Journal. No. 18 January 2017. Delawareonline. USA Today.
  46. McParland, Tom (13 February 2017). "Del. Supreme Court Upholds Forced Sale of TransPerfect". Delaware Law Weekly. ALM Media Properties, LLC.
  47. McParland, Tom (20 January 2017). "TransPerfect-Linked Group Lobbies to Curb Forced Sales of Corporations". Delaware Law Weekly. ALM Media Properties, LLC.
  48. Durkin, Brian C. (2018). "Manufactured Deadlocks? The Problematic "Bad Faith Defense" to Forced-Sales of Delaware Corporations Under Section 226 of the Delaware General Corporation Law". Boston College Law Review. 59 (2): 724–761.
  49. Pappas, Leslie (16 March 2017). "TransPerfect Shareholder Offers to Break Owner Deadlock". Bloomberg. Bloomberg BNA.
  50. Sullivan, Vincent (21 April 2017). "TransPerfect Shareholder Seeks Meeting To Expand Board". Portfolio Media, Inc. Law360.
  51. Taylor, Charles (11 April 2017). "Milim/TransPerfect and the Delaware business climate". Times of Israel. Times of Israel.
  52. Bonini, Colin (21 March 2017). "The 51 percent solution in the Transperfect case". The News Journal Media Group. DelawareOnline.
  53. ^ Waltz, Samuel. "Analysis: TransPerfect crawling toward a resolution?". No. 20 June 2017. Delaware Business Times. Delaware Business Times.
  54. Reese, Hayley (10 July 2017). "Delaware Law Updates - TransPerfect's Controversial Business Divorce Continues, Illustrating The Need For LLC Operating Agreements". JD Supra, LLC. JDSupra.
  55. McParland, Thomas (5 June 2017). "Bouchard Sends TransPerfect Dispute to Mediation With Ex-Chancellor". ALM Media Properties, LLC. http://www.delbizcourt.com. {{cite news}}: External link in |agency= (help)
  56. ^ Chiappardi, Matt (2 June 2017). "Chancery Orders Fierce TransPerfect Dispute Into Mediation". LexisNexis. Law360.
  57. ^ Rainey, Douglas (3 June 2017). "Mediator appointed in effort to resolve TransPerfect impasse". Bird Street Media LLC. Delaware Business Now.
  58. Chiappardi, Matthew (15 November 2017). "Del. State Lawmaker Wants To Intervene In TransPerfect Sale - Law360". www.law360.com. Lexis Nexis. Law360.
  59. Rainey, Douglas (16 November 2017). "Bonini points to potential conflicts in process of selling TransPerfect - Delaware Business Now". Delaware Business Now. Delaware Business Now.
  60. McParland, Tom (21 November 2017). "Custodian Says Shawe to Purchase Rival's TransPerfect Stake | Delaware Business Court Insider". Delaware Business Court Insider. Law.com. Delaware Business Court Insider.
  61. Chiappardi, Matthew (21 November 2017). "Shawe Forges Deal To Buy TransPerfect After Bitter Fight - Law360". www.law360.com. Lexis Nexis. Law360.
  62. Bardash, Ellen. "TransPerfect, in Petition to SCOTUS, Says Chancery Sanction 'Threatens to Warp Complex Corporate Litigation'". Delaware Business Court Insider. No. 10 November 2022. ALM Media.
  63. Keckley, Andrea (10 November 2022). "Ex-Skadden Atty, Credit Suisse Accused Of Pushing Bid Boost - Law360". www.law360.com. ALM Publishing.
  64. Bennett, Judson (30 March 2019). "IT IS TIME TO REIGN IN THE CHANCERY COURT - TOO MANY ARBITRARY AND CAPRICIOUS RULINGS BY CHANCELLOR ANDRE BOUCHARD!". Coastal Network.
  65. Vuocolo, Alex; Mammarella, Ken (10 July 2019). "Advocates for TransPerfect pivot to 'good government' reforms - DBT". Delaware Business Times.
  66. Bennett, Judson (15 July 2019). "Drama in Delaware as Chancery Court's Bouchard Again Meets TransPerfect in Court". Coastal Network.
  67. Rubino, Kathryn (16 August 2019). "New Lawsuit Takes Aim At Skadden Billing Practices". Above the Law.
  68. Rainey, Douglas (9 October 2019). "Alan Dershowitz rejoins legal team in TransPerfect billing battle". Delaware Business Now.
  69. Leonard, Mike (21 October 2019). "TransPerfect Gets Invoices, Drops Skadden Suit, Appeals Fine". biglawbusiness.com. Bloomberg Law.
  70. Bennett, Judson (19 November 2019). "Bills Still not Visible, Despite Bouchard's Order for TransPerfect Transparency!". Coastal Network. Coastal Network.
  71. McParland, Tom (9 October 2019). "Skadden's Alleged 'Questionable Billing' at Heart of Del. Court Hearing". The American Lawyer. ALM. New York Law Journal.
  72. Hals, Thomas (13 February 2017). "Top Delaware court upholds sale of translation firm TransPerfect". Reuters. Yahoo News.
  73. "Citizens for a Pro-Business Delaware launches six-figure advertising effort". DELAWARE BUSINESS NOW. bird street media llc. 11 January 2017.
  74. ^ Mordock, Jeff (18 October 2016). "Supreme Court decision a loss for TransPerfect workers". News Journal. USA Today. Delaware Online.
  75. Mordock, Jeff (2 February 2017). "TransPerfect workers spend $300,000 on new TV ads". The News Journal. USA Today. Delaware Online.
  76. McParland, Tom (17 February 2017). "For TransPerfect-Aligned Group, a Legislative Waiting Game". Delaware Business Court Insider. ALM Media Properties, LLC.
  77. Feeley, Jef (13 February 2017). "Photographer: Henrik Sorensen/Getty Images TransPerfect's Auction Order Endorsed by Delaware High Court". Bloomberg Technology. Bloomberg LP.
  78. Rajamani, Maya (14 August 2015). "Chancery Sanctions Kramer Levin In TransPerfect Case". Law360. LexiNexis.
  79. CASSENS WEISS, DEBRA (30 September 2015). "Kramer Levin is sanctioned $135K for deposition conduct". ABA Journal. American Bar Association.
  80. Feeley, Jef (1 February 2017). "TransPerfect's Shawe Escalates Feud With Defamation Suit". Bloomberg Technology. Bloomberg LP.
  81. Rainey, Douglas (20 February 2017). "TransPerfect shareholder claims opposing attorney offers contradictory statements". Delaware Business Now. bird street media llc.
  82. Rainey, Doug (20 February 2017). "TransPerfect shareholder claims opposing attorney offers contradictory statements". bird street media llc. Delaware Business Now.

External links

Categories: