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M&A Deal Summary

Phrase Acquires Phrase

On January 18, 2021, Phrase acquired internet software and services company Phrase

Acquisition Highlights
  • This is Phrase’s 1st transaction in the Internet Software and Services sector.
  • This is Phrase’s 1st transaction in Germany.

M&A Deal Summary
Date 2021-01-18
Target Phrase
Sector Internet Software and Services
Buyer(s) Phrase
Deal Type Add-on Acquisition

Target

Phrase

Hamburg, Germany
Phrase is a cloud-based software localization platform that accelerates the development of multilingual digital products. Phrase enables organizations of all sizes to scale and centralize their translation processes through advanced automation and a broad variety of integrations. Phrase was founded in 2012 and is based in Hamburg, Germany.

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Buyer(S) 1

Buyer

Phrase

Prague, Czech Republic
Category Company
Sector Internet Software and Services
DESCRIPTION

Phrase helps global companies translate efficiently and supports 500+ languages, 50+ file types, and 30+ machine translation engines. Phrase enables its customers to increase translation quality while reducing costs using its patented, state-of-the-art AI technology. Phrase is based in Prague, Czech Republic.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
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