"Acquisitions have been near and dear to our strategy. TransPerfect tries to find management teams that are like-minded or have really interesting technology that fits well within our group of technologies. We don't approach mergers and acquisitions like a private equity firm might, which could involve buying companies, making positions redundant, and laying people off to make the unit more profitable. If we don't feel like the people are a good mix, we probably won't do the deal."
"The No. 1 thing TransPerfect is looking for is entrepreneurial management. One reason I love working with entrepreneurs so much is that they're able to make excellent decisions fast. They're also willing to change course if they make a decision and later decide it wasn't correct. I'm looking for entrepreneurs to join TransPerfect and grow their business within a division of the firm."
TransPerfect was founded in 1992. TransPerfect acquired nine companies since January, including H2A, Technicolor Games, Apostrophe Group, Bear Down Studios, Blu Digital Group, Speech, MPC, The Mill Studios, and Unbabel. The acquisition strategy prioritizes entrepreneurial management and complementary technology. TransPerfect prefers that founders and senior executives remain post-acquisition and join its management team. Acquisitions avoid private-equity-style redundancies and layoffs. TransPerfect offers to handle back-office functions so acquired teams can focus on customers, technology development, and sales. Speedy decision-making and willingness to change course characterize target entrepreneurs.
Read at Business Insider
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