The consulting company NexumStp, serving around 22,000 Italian SMEs, is now a shareholder in InnovaLang, the Turin translation agency that has been one of Italy’s top 30 Language service providers (LSPs) for many years. The two firms closed the deal today, which sees 40% of the InnovaLang shares transfer to NexumStp.
Massimo Nardini, Partner and Head of International Development at NexumStp, commented: “For us, the agreement is a key step forward in facing the challenges presented by the market as it moves towards internationalisation. This is one of the core services that we provide. Developing our clients’ businesses overseas has steadily become an increasingly strategic asset. Hence the importance of this new structural partnership with InnovaLang, in whom we have found a reliable partner with an innovative approach.”
From an initial core business in patent translation over ten years ago, InnovaLang’s skilled team of linguists and technology specialists have built an all-round service business as an LSP working to and from every language in the world. It supports businesses in all their content internationalisation needs, enabling them to communicate effectively in every sector, from manuals and web marketing to legal, finance and hospitality. One of the agency’s most advanced projects has been to develop a machine translation engine for the patent arena based on artificial intelligence and neural networks
Federico Perotto, InnovaLang Founder & Chairman, comments: “We are very proud of this link-up with a great group like NexumStp, who share our passion for innovation and ambitious growth goals. This deal will enable us to provide excellent Italian SMEs with the specialist professional services they need to arrive and thrive on overseas markets effectively, efficiently and transparently.”
NexumStp is a joint stock company established in December 2018 from the merger of some of Italy’s most prestigious tax and business consultancies. After further expansion, the company now has 59 locations in Italy, with a headquarters in Rome. In addition, there are another 28 offices worldwide coordinated by the affiliate IC & Partners. NexumStp serves around 22,000 small and medium-sized enterprises in Italy in the tax, legal, management and business-consultancy fields. It also offers a comprehensive payroll outsourcing service. Additional added-value services include personnel search and recruitment plus funded training and enterprise IT solutions. In the 2022 FT 1000 list of Europe’s fastest-growing companies by the Financial Times, NexumSTP was ranked 261st (no. 52 in Italy).