Phrase in the news

The Translation Software market is expected to grow to USD 20.1 billion by 2031, driven by AI innovations, expanding industry applications, and strong regional growth, with Memsource among key players.

The TMS market is expanding rapidly with cloud and AI-driven platforms leading adoption across IT, e-commerce, and media sectors, driven by globalization and digital transformation.

The AI-Enabled Translation Service market is rapidly growing globally, driven by globalization and multilingual content demand, with MemSource among key players.

Investors highlight technology integration, multilingual CMS, and AI-driven innovation as key growth drivers in the language industry, citing Memsource and Jonckers investments.

Phrase, originating from Czech startup Memsource, secured 12 million EUR to advance AI-driven translation tools and expand its global localization platform.

Czech translation firm Memsource rebranded as Phrase after acquisition, enhancing its localization platform and growing revenue significantly.

Memsource and Phrase merged their localization platforms into the Phrase Localization Suite, offering an integrated, AI-powered solution for enterprise global expansion.

Memsource and Phrase merged their platforms into the Phrase Localization Suite, offering an integrated, AI-powered localization solution for enterprises expanding globally.

Memsource rebranded as Phrase after acquiring the German competitor, integrating products to offer a unified localization platform with strong backing from Carlyle Group and major global clients.

Memsource received EUR 15 million from Carlyle to boost talent, product development, and global growth following leadership changes.

Memsource raised over 370 million CZK to boost global expansion, product innovation, and talent acquisition, with Carlyle as main investor.

Carlyle Group increased its investment in Czech AI-driven translation platform Memsource, which serves major global clients with automated localization solutions.

Memsource raised €15 million from Carlyle to fuel global expansion, including acquiring Phrase and leadership changes, serving major clients with strong revenue growth but operating at a loss.

Memsource raised over 370 million CZK to expand its AI-driven translation platform globally, hiring top executives and integrating multiple machine translation providers.

Memsource raised €15 million from Carlyle Group to boost recruitment, product development, and global expansion, appointing Edmund Ovington to lead North America growth.

Memsource created an AI-powered cloud translation platform supporting 500 languages that improves translation quality and efficiency for major global companies.

Georg Ell became CEO of Memsource amid rapid global growth and integration with Phrase, enhancing its AI-driven translation platform serving major global clients.

Georg Ell, ex-Tesla Europe director, takes over as CEO of Czech translation startup Memsource amid strong global growth and recent acquisition of Phrase.

Memsource appoints Georg Ell, former Tesla Europe head, as new CEO, with founder David Čaněk moving to the board.