About Consoltec
Consoltec is a company based in Montreal (Canada) founded in 2002 was acquired by XTM International in October 2025. It operates as a B2B. Consoltec offers products and services including FlowFit TBMS and Workflow Automation. Consoltec operates in a competitive market with competitors including Smartling, Trint, Memsource, Cloudwords and Localize, among others.
- Headquarter Montreal, Canada
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Sectors
TechnologyBusiness Services
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Email
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Phone
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Website
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Social
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- Legal Name Consoltec
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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
XTM International
(Oct 08, 2025)
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Products & Services of Consoltec
Consoltec offers a comprehensive portfolio of products and services, including FlowFit TBMS and Workflow Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for automating translation tasks and integrating CAT tools
Feature for customizing and automating repetitive translation processes
Funding Insights of Consoltec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Consoltec
Consoltec has secured backing from 1 investor. Prominent investors backing the company include XTM International. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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A cloud-based translation management platform is provided for global use.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Consoltec
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Consoltec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Consoltec Comparisons
Competitors of Consoltec
Consoltec operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Smartling, Trint, Memsource, Cloudwords and Localize, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Translation and localization solutions are provided via cloud platform.
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AI-driven transcription of audio and video files is provided.
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Cloud-based translation platform is provided for localization needs.
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Translation platform and vendor marketplace for corporate content are provided.
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Provider a cloud-based tool and java-script library for localizing and translating content
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| domain | founded_year | HQ Location |
SaaS-based translation network is provided for content and workflow management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Consoltec
Frequently Asked Questions about Consoltec
When was Consoltec founded?
Consoltec was founded in 2002.
Where is Consoltec located?
Consoltec is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
What does Consoltec do?
FlowFit TBMS is a cloud-based system by Consoltec that automates translation workflows, optimizes task assignments, and integrates with tools like memoQ and RWS Trados. It enables effective collaboration among stakeholders, provides analytical reports for decision-making, and facilitates remote work. Based in Montréal, Canada, it serves translation businesses worldwide, helping them save time and money through centralized project management and process customization.
Who are the top competitors of Consoltec?
What products or services does Consoltec offer?
Consoltec offers FlowFit TBMS and Workflow Automation.
Who are Consoltec's investors?
Consoltec has 1 investor. Key investors include XTM International.