- Straker Translations (STG) appointed as the Strategic Translation Service Provider to leading computer hardware manufacturer IBM
- The new agreement will last for two years, with the option for an additional two-year extension, and begin in early 2021
- Under the deal, Straker will support IBM’s Cloud Services, Adaptive Translations Services, and Global Media Localisation
- It also extends STG’s current arrangement with IBM from covering one language to 55 languages in total
- Straker hasn’t put a potential revenue amount on the new deal but did reveal it plans to hire additional staff to cover the extra work
- STG’s shares have soared since the announcement, ending the day up 75.8 percent, worth $1.59 each
