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Straker Translations: Signs extended IBM appointment

November 11, 2020

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