
Helion backs India language localization firm
Pune-based LinguaNext has raised a Series A round of funding from Helion Venture Partners to expand its international business. Financial terms of the deal were not disclosed.
The company's software, Linguify, helps enterprises localize into multiple languages without making any changes to the application code or database. It has partnerships with SAP, Ramco, SAGE and other global software vendors and system integrators.
LinguaNext is working with mobile device equipment manufacturers and mobile application providers to allow availability of applications and content in non-English languages.
Helion said in a statement that the company's unique product, profitable operating model and globally competitive management teams contributed to the investment decision.
"This has made translation of software scalable and accurate," Alok Goyal, a partner at the VC firm, added. "The product, Linguify, has tremendous potential globally as localisation becomes an imperative across organisations - whether they are global software product companies, system integrators or large corporations using IT."
Goyal will join the board of the company.
Linguanext will use the funds for international growth, to increase its mobile play and add to its management team. "Our immediate focus is to entrench ourselves deeper in the US and Japanese markets, along with increasing our rate of growth in India," said Jagdish Sahasrabudhe, the company's CEO.
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