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Israel : $10 Million investment to be made by FORTISSIMO in One HOUR Translations Corporation
Publish Date : 07-Jan-2014
The CEO Ofer Shoshan, VP Yaron Kaufman and two partners established the Rehovot-based online translation service by bootstrapping.
And in 100 countries, One Hour Translations has more than 15,000 translators, its clients comprises of Toyota, Coca-Cola, the US Army, IBM, Strauss Group Ltd, El Al Israel Airlines Ltd., and Comverse Inc., as well as offers a broad range a range of translation, transcription, and proofreading services across a range of subjects.
"We've grown organically until now, without investments, to become within two years the largest online translation service," said Shoshan. "Fortissimo's investment will allow us to grow much more rapidly and become the largest professional translation service in the world."
One Hour Translations has 50 employees in Israel and other countries, with offices in Rehovot, Kiev, Bucharest, and New York. The company plans to use the investment proceeds to hire 40 people in Israel, including developers, salespeople, and customer service and support staff. "We're proud that over half of the company's employees are women," said One Hour Translations COO Lior Libman. "We definitely intend to continue this trend."