TransPerfect

TransPerfect
Private
Industry
Founded New York, New York, United States (1992 (1992))
Founder
  • Liz Elting
  • Phil Shawe
Headquarters New York City, United States
Key people
 Liz Elting and Phil Shawe, Co-CEOs
Revenue US$504,600,000 (2015)[1]
Number of employees
 3,000 (2015)[2]
Website www.transperfect.com

TransPerfect Translations, known as "TransPerfect", is a translation services company based in New York City. The company provides "translation and discovery services" primarily to companies in the legal and healthcare fields.[2] As of 2012, TransPerfect was "the largest privately owned language services provider, with offices in 75 cities worldwide".[3]

History

TransPerfect founders Liz 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.[4]

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. TransPerfect chose to take the matter to court to defend its intellectual property, and MotionPoint filed a counter-suit.[5] After three weeks of arguments, a California jury voted in favor TransPerfect and awarded $1 million in damages.[6] In July 2015, the United States Patent and Trademark Office Trial and Appeal Board ruled that the claims of the Transperfect patent in question was unpatentable. [7]

In 2014, Elting sought to remove Shawe as an officer of TransPerfect Translations International, Inc. (TPI). Elting also motioned for an injunction barring Shawe from conducting any managerial activity related to TransPerfect and sought the dissolution of TransPerfect, alleging that Shawe had engaged in "abusive behavior".[8] [9] In August 2015, a Delaware judge ruled to have a third-party sell their shares of the company. [10]

References

  1. ↑ "TransPerfect provides language and technology services to manage multilingual content". Forbes. Retrieved 26 October 2016.
  2. 1 2 Stengel, Geri (27 February 2013). "A $340 Million Company Shares Strategies For Growing Without Outside Funding". Forbes. Retrieved 11 January 2016.
  3. ↑ Stengel, Geri (11 January 2012). "Want to Grow the Economy? Change Four Attitudes About Women Entrepreneurs". Forbes. Retrieved 11 January 2016.
  4. ↑ "Top 125 Privately Held Companies". Crain's New York Business. Crain Communications, Inc. 19 November 2012. Retrieved 19 June 2013.
  5. ↑ Paul Demery (29 July 2013). "In a web translation patent battle, the jury sides with TransPerfect". Internet Retailer. Vertical Web Media. Retrieved 18 August 2013.
  6. ↑ Donald DePalma (15 July 2013). "Jury Decides Translation Automation Case". Common Sense Advisory. Common Sense Advisory, Inc. Retrieved 18 August 2013.
  7. ↑ "MotionPoint Corporation v. TransPerfect Global: Final Written Decision Finding All Challenged Claims Unpatentable".
  8. ↑ Elting v. Shawe (Supreme Court Of The State Of New York County Of New York August 4th, 2014). Text
  9. ↑ Ross, Barbara. "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.
  10. ↑ "Court orders feuding biz partners, ex-lovers, to sell their profitable translation firm".


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