Riverside Partners Invests $34 Million in Welocalize

Riverside Partners, a Boston-based private equity firm announced that it has invested $34 million into Welocalize, a global market leader for content translation, localization and internationalization of web-based content. Morgan Keegan Technology Group acted as the exclusive financial advisor to Welocalize for the transaction.
 
Welocalize provides next-generation translation supply chain management that delivers market-ready, translated content efficiently and affordably. The Company’s ability to provide superior translation supply chain management solutions is driven by GlobalSight, a collaborative, open-source Translation Management System (TMS) that addresses the critical needs of its customers. Clients of Welocalize include eight of the world's top ten software and hardware companies and the Company has been ranked on the Inc. 5000 list of fastest growing companies for six years. Riverside Partners' investment will be used to support the Company's growth initiatives including investment in the Company's technology systems and potential add-on acquisitions.