Sometimes, good guys win, folks.
I’ll explain, but first some background: I spend a decent amount of time each month keeping you updated on the ongoing saga of the TransPerfect case in Delaware, and what I see as the unprecedented, subjective and capricious rulings by Chief Chancellor Andre Bouchard.
In my view, this case features Bouchard attempting a governmental “Taking” of the Shawes’ private property (not only according to me, but the lone female Delaware Supreme Court Justice Valihura in her dissenting opinion) in violation of the 5th Amendment of the U.S. Constitution. More recently, it has featured battles over Bouchard giving his former law firm Skadden Arps what I see as a blind blank check to raid TransPerfect’s corporate bank account.
I could go on and on (and I often do!). But let’s take a moment to celebrate one of America’s great entrepreneurial, success stories, overcoming not only the Chancellor’s best efforts to put them out of business, but also beating global competitors!
Amazingly, the company is on track to top $750 million in sales for the year and Chief Executive Philip Shawe says they “anticipate finishing the year strong”. Given my view of all the Chancery’s wildly fabricated tales of “dysfunction;” given all the court’s moves, in my opinion, designed to methodically empty the company’s bank account of over $250 million; and given the 3-year, illegal occupation of a Skadden Arps’ lawyer as a fake CEO — it is truly amazing TransPerfect is still alive, much less kicking butt!
Read the results below and rejoice at this American success story, even in this day and age, the good guys can still win one once in while. Please send your thoughts! Always enjoy emails and feedback from you.
JUDSON Bennett-Coastal Network
See the company’s record results below:
SOURCE: PR Newswire
TransPerfect Breaks Q3 Sales RecordCurrent Performance Bodes Well for a Strong Q4and Record-Setting 2019Oct 16, 2019, 09:00 ETNEW YORK, Oct. 16, 2019 /PRNewswire/ — TransPerfect, the world’s largest provider of language and technology solutions for global business, today announced billed revenues for the third quarter of 2019 of $188 million. This $15 million increase over Q3 2018 equates to 8.5% growth and sets an all-time record for the third quarter.Sales totals for 2019 to date show the company to be on a record-setting pace. TransPerfect is up $35 million over the same period in 2018 and is on track to top $750 million in billed revenue for the year. This significant and sustained growth bolsters the company’s campaign to maintain its position as the industry’s largest firm.TransPerfect’s GlobalLink® translation management technology, the industry’s leading platform for managing multilingual content, continues to be selected and implemented by new customers at a rapid rate. The company announced 168 new deployments and a 13.5% year-over-year increase in services revenue throughput relative to the same period in 2018.Beyond revenue increases alone, TransPerfect posted impressive numbers with respect to job creation. The company added 150 new positions in Q3 and several strategic acquisitions were closed. Those deals included Lylo (Paris), Lassostudios (Madrid), Sublime (Madrid), and AGM Factory (Rennes) in the subtitling, dubbing, and media localization space as well as MoGi Group (Dublin) in gaming localization and gamer support services.TransPerfect President and CEO Phil Shawe commented, “We have grown in several key areas this past quarter. On top of gains in sales and technology adoption, we have also welcomed a group of key acquisitions that we believe will position us well for the future. We anticipate finishing the year strong, and hope to achieve another record-setting performance in Q4.”