US K1 buys Krakow-based XTRF translation management software provider

XTRF’s client base is made up of language service providers (LSPs) — predominantly small and mid-size providers — while XTM focuses firmly on the enterprise customer, with clients including Expedia, Sony, and Volvo.

The Poland-based TMS provider was founded in 2010 and operates out of Krakow. It offers a client portal, a vendor portal, and workflow, invoicing, and sales management. XTRF also provides integration with a range of other TMS and translation productivity (CAT) tools including RWS Trados, Across, Memsource, memoQ, and XTM.

The latter, UK-based XTM, has also become a sister company of sorts to XTRF, with K1 having acquired a majority stake in XTM back in January. K1 typically invests in high-growth enterprise software and SaaS companies to help them scale and has partnered with more than 140 to date.

As XTRF CEO Andrzej Nedoma explained in a press release, “we founded XTRF to help the translation and localization industry work more efficiently by delivering user-friendly and customizable management tools.” Among its largest LSP customers is Sweden-based Semantix, which was acquired by TransPerfect in July 2021.

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