The deal represents the second investment for Mercury in Germany following the opening of its Frankfurt office in the summer of 1999.
“Trados is a very exciting opportunity for Mercury,” said Trevor Bayley, managing director at Mercury Private Equity Germany, in a statement announcing the deal.
Mercury is upbeat about the future world market for translation services, which it estimates to be worth €12 billion per annum. It believes globalisation and the Internet are fuelling demand for software that can enhance communication between different languages. Trados already counts among its clients Internet giants Yahoo! and Microsoft (which also has a minority shareholding in Trados).
The additional capital will enable Trados to expand its current suite of products and introduce new web-based solutions. The firm’s basic offering is a piece of software that records previous copy iterations and then makes appropriate suggestions to language translators during the course of their work.
“We are now well placed to execute our business strategy of becoming the dominant player in the translation solutions markets,” said company president Dev Ganesan.