Denmark-based language services and technology provider EasyTranslate was selected as the sole provider for one of the largest public sector contracts in 2018. Originally tendered out in March 2018, the contract is worth up to DKK 520m (USD 80m) over four years and combines all language services work at Denmark’s Ministry of Justice and the Ministry of Immigration and Integration. Denmark’s National Police was in the lead for the project and initiated the process, which was competitive with a total of six bids submitted.
In an interview with Slator, Frederik Pedersen, Co-Founder of EasyTranslate, said the contract’s official start date is April 1, 2019. The award marks a big win for EasyTranslate, a relatively young company established in 2010 by Pedersen and co-founder Peter Ladegaard.
Pedersen expects EasyTranslate’s revenues to hit around DKK 100m (USD 15.25m) in 2018. For 2019, Pedersen projects revenue growth of above 140%, with the new contract already contributing around DKK 66m (USD 10m) in its first year.
