- The Washington Times - Monday, September 18, 2000

A local translation software company continued its string of good fortune last week as a German venture capital firm dropped $4 million in equity financing onto its lap.
With the money, Alexandria-based Trados Inc. now can boast the receipt of $19 million in equity financing this year. In April, the company received $10 million from Mercury Private Equity, a subsidiary of Merrill Lynch and in February, it received $5 million from First Union Capital Partners of Charlotte, N.C.
The latest injection of money came last Monday from the Munich, Germany venture capital firm of AdAstra Erste Betiligungs GmbH, which is affiliated with HypoVereinsbank, Germany's second-largest bank. AdAstra has over $90 million in committed capital.
Trados is the world's largest manufacturer of software designed to help human translators. The company's software memorizes work that translators have already completed and makes it reusable, thus eliminating redundancy and saving time.
"Trados translation software brings multilingual capabilities that are critical to the global expansion of midsize business customers," said AdAstra managing partner Thomas Kruger.
But midsize companies aren't the only ones getting involved with Trados. Major names like Siemens, Yahoo, Oracle and Volkswagen/ Audi are customers. And since 1997, Microsoft, the world's largest software manufacturer, has had an 18 percent share in the company. Microsoft took advantage of the Trados software when releasing its Windows 2000 operating systems to Germany and the United States simultaneously last year.
Other financial gains for Trados this year included a $2 million, five-year,licensing contract with translators in the European Union and a partnership with Wal-Mart Stores, Inc. to provide the giant retailer with translation memory software.
Trados was founded in 1984 by two German men, Jochen Hummel and Iko Kyphausen, who came up with the idea for the company during a cycling trek across the United States.
The company has corporate headquarters in Alexandria, with offices in Germany, Belgium, Ireland, China, Japan and Switzerland.


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