Montreal, Canada, November 13, 2018 --(PR.com
)-- OXO Translations Inc. and the Ccaps group of companies (Ccaps Serviços de Tradução Ltda., FCMS Internacionalização de Software Ltda., and Ccaps Translation and Localization, LLC) have announced today their decision to merge their operations, thus increasing their language services for current and new clients worldwide.
By combining the agility and freshness of OXO with the structure and process-oriented culture of Ccaps, the two players will leverage the personal approach that each company brings to the table while adding industry-leading technology to the mix. For clients, the merger makes it possible to benefit from a wider range of language pairs and services, so they do not have to search for multiple vendors to meet their localization needs. For the network of collaborators, it means greater volume of work, better production tools and a higher level of partnership. For shareholders, it is the beginning of a global expansion that will increase the company's revenues and profit margins.
“Our recent results prove that, through account acquisition and best operation practices, the strategy adopted by OXO management has fulfilled every expectation,” says André Beauchesne, Chair of OXO Translations. “As an investor and strategic advisor, I am a strong believer in the translation and localization market. As the industry matures and starts to get attention from major technology corporations after recent developments in neural machine translation, OXO’s intention is to be a key player in this landscape.”
“In the past three years, OXO doubled its revenue on a yearly basis, but my partner André and I felt it would be hard to continue growing organically at this pace,” says Charles Lespérance, CEO. “We started browsing the market and decided that Ccaps—with its 20 years of leadership in the Latin American market, healthy global client base, and highly talented pool of internal and external collaborators—was the perfect partner.”
“In recent years, we were approached by several interested parties, but none seemed to be the right fit,” explains Fabiano Cid, founder, majority shareholder and Managing Director of Ccaps. “When we started talking with Charles and André, it became clear that our corporate cultures and mindsets, focused on outstanding client service, technology innovation and talent diversity, would allow for a seamless integration and serve as training ground for new acquisitions down the road.”
The two companies will operate under the OXO brand, which will adapt to the new culture: OXO Translations becomes OXO Innovation to reflect the enlarged scope of services and investment in technology and automation. The corporate entities in Canada and Brazil will maintain their respective statuses and corporate addresses. Beauchesne will remain Chair of the Board, Lespérance will remain CEO, and Cid will become the new COO.
About OXO Translations
OXO provides efficient and customized linguistic services of the highest quality to a wealth of clients in various sectors. Its head office in Montréal, Canada, ensures best-in-class services in the English-to-French and French-to-English markets while leveraging its international reach to foster strategic partnerships in a wide range of language pairs.
About Ccaps Translation and Localization
Ccaps is a translation and localization company built to support the language needs of global companies growing in Latin America. Ccaps invests in its clients to structure projects for long-term success and to avoid common pitfalls that cause translation errors and management headaches.