4 Ways Translation Technology Can Help Your Business

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Technology plays an increasingly important role in so many areas of our lives. Although it may not seem obvious at first glance, the translation industry is no exception.

Here are four ways that our technology can support your translation projects:

1 – Speed up the translation process

Translation memory (TM) stores previously translated segments for future recall. There is no need for the translator to wrack their brain trying to remember how they translated a sentence earlier in the document, or even in a different document last week, last month or last year. With TM this information is at the translator’s fingertips. This saves time and effort, particularly when translating repetitive or periodically updated documents, such as technical documentation in the manufacturing and engineering sectors.

2 – Improve consistency

In tandem with saving time and effort, TM also promotes consistency. With ‘exact’ and ‘fuzzy’ matching capabilities, our software retrieves both identical and partial matches and suggests them to the translator as they work. These previous translated sentences can be used as is, or edited to fit the current context. The result is improved consistency across your documentation.

3 – Ensure correct terminology is used

The need for consistency doesn’t stop there. We understand the importance of applying your in‑house and industry-specific terminology correctly and consistently. Terminology management software facilitates this. Termbases can be built to define individual terms in any number of languages. These are then attached to translation projects and automatically suggest terminology as the translator types. They can also be built into QA processes to verify that the correct terms have been applied during translation.

4 – Collaborate without boundaries

Got an urgent project requiring a team of translators in different countries? No problem! Server technology eliminates boundaries, allowing us to share translated content in real time, irrespective of the number of translators and their locations. This means a team of translators can work on the same project at the same time, all accessing and updating the same centralised translation memory.

Acquisition of Article One Partners

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For immediate release                                                                                               2 October 2017

RWS Holdings plc

Acquisition of Article One Partners

RWS Holdings plc (“RWS), the world’s leading provider of intellectual property (“IP”) support services (patent translations, international patent filing solutions and searches) and a leading provider of life sciences and commercial language services, today announces the acquisition of Article One Partners, LLC (“AOP”), a cutting-edge IP information business based in the United States, for a cash consideration of US$8 million (“the Acquisition”).

AOP’s online crowdsourcing platform links its clients to a community of over 42,000 researchers, across more than 170 countries, to provide them with access to IP intelligence that informs their litigation, licensing, patent enforcement and IP acquisition strategy decisions. The platform is able to match AOP’s clients’ requirements with researchers in the right technical field and geography. AOP has a track record of delivering critical litigation citations to its strong client base, which includes blue chip corporations such as Philips.

The acquisition will be highly complementary to RWS’s existing Patent Information business and PatBase offering, whilst reinforcing the Group’s focus on providing innovative technology solutions to its clients. In particular the acquisition will strengthen the US presence of RWS’s Patent Information division while expanding cross-selling opportunities across the existing client base. In addition, the support of RWS’s IP sales team in the US, Europe and Asia will bring AOP’s services to a wider market.

AOP achieved revenues of US$3.7 million for the year ended 31 December 2016 and is expected to be earnings neutral in RWS’s 2018 financial year, as the benefits from RWS’s sales team and back office synergies are realised.

Andrew Brode, Chairman of RWS, commented:

“The acquisition of AOP is a natural fit to accelerate the development of our growing Patent Information division and will provide clients with a complementary, online resource to aid their intellectual property research needs.

“We see a number of opportunities for the business to benefit from RWS’s scale and global presence, particularly given our established sales team’s ability to offer clients the fuller range of intellectual property services across multiple geographies, so we are excited about the potential for this additional service going forward.”

ENDS

 

For further information contact:

RWS Holdings plc

Andrew Brode, Chairman    01753 480200

Richard Thompson, Chief Executive Officer    01753 480200

MHP Communications

Katie Hunt / Simon Hockridge   0203 128 8794

Numis

Stuart Skinner / Kevin Cruickshank (Nominated Adviser)   0207 260 1000

Michael Burke (Corporate Broker)

About RWS

RWS is the world’s leading provider of patent translations and one of the leading players in the provision of intellectual property support services and a market leader in life sciences translations and linguistic validation as well as a high level specialist language service provider in other technical areas, providing for the diverse needs of a blue-chip multinational client base from Europe, North America and Asia.  RWS is based in the UK, with offices in Europe, the USA (New York, Hartford, Broomfield, San Francisco, Boston and Chicago), China, Japan and Australia, and is listed on AIM, the London Stock Exchange regulated market (RWS.L).

 

For further information, please visit:  www.rws.com.

 

This information is provided by RNS

The company news service from the London Stock Exchange

END