“Part of the acquisition rationale was that both companies had experience in different financial fields with no overlap,” Camus explained. As mentioned in the same press release, Word Class plans to incorporate Fastnet as its “pure player multilingual financial translation brand.”
Word Class’ service offerings are divided roughly in thirds across multimedia, digital marketing, and e-learning. Founded in 2010, the LSP works in more than 70 languages and has a headcount of 17 distributed among three offices in Paris, Singapore, and New Mexico, USA.
Fastnet, founded in 2006, specializes in high-value services such as transcreation, consulting, and platform integration, in addition to linguistic services including DTP, dubbing, and subtitling.
Previous owners Philippe Sabbah and Jean-Bernard Le Floc’h, former finance professionals with over 30 years of combined experience in capital markets and asset management, will continue to contribute as “strategic advisers” during a transition period. Fastnet’s project management team and network of almost 500 freelance linguists will remain onboard and unchanged post-deal.
Moving forward, Geraldine Lim, Chief Digital Officer at Word Class, will take the helm, while Chief Strategy Officer, Emmanuel Hacques, a recent addition to the team, will oversee Fastnet Translation and advise the LSP on future potential acquisitions.
“We will continue to remain attentive yet very selective in our external growth strategy,” CEO Camus said of Word Class’ plans.
In the short term, he said, this means leveraging Fastnet Translation’s “tremendous growth potential” serving leading global investment firms. Further down the line, Word Class expects to develop the company’s presence in new markets and verticals, and explore valued-added technology solutions.
