Summa Linguae Technologies is proud to announce the acquisition of getit to strengthen our life sciences presence.
Founded in 1995 in Poland, getit is at the forefront of providing complex linguistic solutions to global corporations and SMEs with a particular focus on the Life Sciences vertical.
Here’s how the acquisition came together, according to Piotr Czajkowski, getit’s CEO and Founder.
Getit CEO and Founder
The inspiration to team up with a global company came in late 2021 during one of our regular meetings of POLOT - (Polish Association of the Language Service Providers). At getit, we realized we needed to be part of a global platform to offer more to our international clients. Out of all the companies we spoke to, Summa Linguae’s culture made them the obvious choice.
Summa Linguae paid approximately USD 4.3M in cash and two potential annual earn-out installments to acquire 100% stake in getit.
This acquisition will add an estimated USD 3.5M in revenue and USD 0.9M in EBITDA to Summa’s annual consolidated revenues.
Krzysztof Zdanowski, CEO and Founder of Summa Linguae, adds:
CEO and Founder of Summa Linguae
Getit complements our current localization solutions and machine translation capabilities. They add a deeper Life Sciences expertise to address emerging challenges in the space and enhance our growing presence across Europe
Benefits of this acquisition include:
- Added expertise in world-class, comprehensive language services
- Further implementation of Information Security Management System (ISMS) procedures included in the ISO 27001:2017 standards
- Innovative solutions allow us to shorten turnaround times of large and complex projects, while retaining linguistic correctness and coherent terminology
For more information about the acquisition, click here.
About Summa Linguae Technologies: Our expertise is in localization, data collection and annotation solutions. We can take on any scope of project: from building a natural language corpus, to managing in-field data collection, transcription, and semantic analysis. Using Summa Linguae’s custom-built multilingual data management platform, our clients can access their data and the associated metadata quickly and efficiently through an easy-to-use API.
About Getit: Getit provides corporate customers with world-class, comprehensive language services. They’re experts in providing full range of translation services to the biggest companies. Innovative solutions allow them to shorten turnaround times of large and complex projects, while retaining linguistic correctness and coherent terminology. A 50-strong team coordinates the work of more than 1,000 translators and industry experts all over the world.
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