Rome, 12th May, 2022
Translated is proud to announce that it has finalized the merger with ModernMT, a machine translation provider Translated co-founded in 2017 with Fondazione Bruno Kessler to develop the results of a successful EU-funded research project into a business application. The initial investigation was led by a consortium in which the founders took part, together with The University of Edinburgh and Taus, the latter being primarily interested in the research and technology challenges.
ModernMT provides state-of-the-art neural machine translation as a service that learns from translation memories and translators' corrections, adapting to the context. It was awarded the Cool Vendor accolade by Gartner in 2019 and recognized as one of the best 3 performing customized MT engines (“closest to human”) in the 2021 report on The State of Machine Translation by Intento, a leading AI integration platform.
We have acquired all shares and stock options owned by the other company's founders and ModernMT’s employees, and ModernMT is now a Translated product. We’ve already integrated its technology into our high-end services and tools, including Matecat.
The merger represents a step forward in our mission to allow everyone to understand and be understood in their own language. We firmly believe in a powerful collaboration between humans and machines and to welcome ModernMT into our family we designed a new logo for it. The smiling face of the Translated logo finally meets its tech twin in ModernMT’s motif and together they evoke the perfect symbiosis between humans and machines we have been pursuing since our foundation.
Full ownership of ModernMT enables Translated to provide seamless integration between professionals and MT in our clients’ translation processes, easily and more efficiently determining when to use one or the other, and thus providing contextual and superior quality translation in less time. All the translators working with our clients are now provided with a ModernMT’s Professional account they can also use for personal projects. In addition to that, all Translated clients who have already worked with us can now exploit a custom MT based on previous translations.
