Business Process Outsourcing (BPO) company Transcosmos has entered the remote interpreting market. Tokyo-based Transcosmos competes in similar markets like LanguageLine’s new owner Teleperformance, such as call centers and other customer service outsourcing services.
Transcosmos has been around since 1966, employs 40,000 employees, and generated USD 2bn in annual revenues in 2015. In the run up to the 2020 Tokyo Olympics, Japan ramping up efforts to tackle the language barrier, which, compared to many other global cities, is still a major issue to foreign visitors in Tokyo. Naturally, Japanese language service providers (LSPs) all expect the Olympics to boost business and have invested to cater to the additional demand.
LSPs are not alone, however. Transcosmos also saw the opportunity and, in December 2015, announced the construction of a multilingual contact center. The center would start out small with 30 workstations, but the plan was to ramp up to 300 workstations by 2020.
With some of the pieces in place, Transcosmos has started to go after remote interpreting deals.