Alven is pleased to announce the acquisition of Textmaster by The Technicis Group

News

The Technicis Group – number one player in Europe for professional translation – accelerates its pursuit of market share with the acquisition of TextMaster, a company specialising in professional cloud-based translation.

TextMaster, which was founded in 2011 and backed by Alven since 2012, is a leading saas based professional translation solution.

TextMaster combines its trademarked AI technologies with a network of expert translators from all over the world in a single platform, enabling companies to accelerate their international development.

TextMaster has a market presence in France, Belgium, Germany, the Netherlands and Italy, and boasts over 12,000 clients in 150 countries worldwide.

It also became the leading digital translation company in Europe in less than six years.

The company’s illustrious clientele includes vente-privee, Estée Lauder, Maisons du Monde and Club Med among others.

 

TextMaster was acquired by the Technicis Group in recognition of its success, as the company has posted average growth of over 100% since its inception and turnover of €7 million, 30% of which is generated abroad.

TextMaster’s investors (Alven, Serena Capital and eFounders), founders and business angels are selling their shares in the transaction.

 


Share

Skarlett raises €4 million to reinvent the daily lives of people over 60

Skarlett is the brainchild of 3 seasoned entrepreneurs: Townley Le Guénédal (Innohealth), Aurélien Gouttefarde (Homeloop), and Benjamin Gaignault (Ornikar), who are on a mission to shatter age-old stereotypes about being 60 in 2023. Skarlett is a brand that finally responds to this generation’s main aspiration: to enjoy life!

Read

Alven expands its London team with a new associate hire

We’re truly delighted to welcome Alice Azzarelli as Alven’s new Associate in our London office.  Alice completed her studies at Science Po…

Read

Alven bolsters leadership team with Bartosz Jakubowski’s promotion to Partner

Bartosz has been a member of the Alven team since 2019, initially joining as Investment Manager and quickly rising through the ranks…

Read