Conversation 180: Straker Translations. Is it time to pay attention to this hybrid SaaS business?

With 13% YOY revenue growth [86% of which is recurring] and a group turnover of >$27 million, Straker Transcriptions is in an acquisition growth phase. CEO Grant Straker says the business is in the mood for acquisition-driven growth, with $7.3 million cash and $8.0 million of new loan facilities. Straker Translations has developed a hybrid translation platform that utilises a combination of AI, machine learning, and a crowd-sourced pool of freelance translators. The company’s cloud-based platform manages the end-to-end translation process, leveraging AI and machine learning to create a first draft translation and subsequently matching the customer’s content with one or more of the approximately 13,000 crowd-sourced human freelance translators for refinement.