About Xplanation
Xplanation is a Technology company based in Leuven (Belgium) founded in 2001 by Henrik Lottrup, and was acquired by LanguageWire in October 2018. Provider of translation and localization services to enterprises. Xplanation has completed 1 acquisition, including Matrix Communications. Its chief executive, as recorded, is Henrik Lottrup. The company was acqui-hired. Its focus areas include Enterprise Applications, Localisation - L10n Tech, Translation Techniques and Human Translation.
Company details
Xplanation is a Belgian-based language service provider that offers professional translation and localization services to enterprises. It uses its in-house developed translation management system also called Tstream that consists of a fully integrated suite of tools such as terminology management, CAT and associated automated quality assurance tools, validation tool for in-country review, among others. It leverages native linguists specialized multiple languages like Afrikaans, Arabic, Armenian, Assamese, Basque, Belarusian, Bulgarian, Burmese, Catalan, Chinese, English, Estonian, Faroese, among others for providing services like desktop publishing (DTP), document translation, glossary or terminology, multimedia localization, proofreading, QA testing, to name a few. In 2018, the company was acquired by LanguageWire to expand the latters footprints leveraging the formers presence in Asia and the United States.
- Headquarters Leuven, Belgium
- Founders Henrik Lottrup
- Stage Acquired
- SectorsTechnology
- Website xplanation.com
- Social LinkedIn X Facebook
- Acquired by LanguageWire (Oct 2018)
- Latest Funding Round$26.65K (USD), Grant
Sep 2018
- InvestorsEuropean Union
& 1 more
- Investments & Acquisitions
- Acquired byLanguageWire
(Oct 2018)
Funding Insights of Xplanation
- Total Rounds 3
- Last Round Grant — $26,650
- Investors Count 1
All 3 funding rounds of Xplanation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | $26,650 | Grant | – | – | |
| Jan 2017 | Grant | – | – | ||
| Jan 2017 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Xplanation
Xplanation has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and LanguageWire.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Web design, SEO, advertising, and content marketing services are offered. | 2000 | languagewire.com | Copenhagen, Denmark |
Investor details for Xplanation
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Xplanation
1 people are tracked at Xplanation (1 in leadership).
| Name | Role | Group |
|---|---|---|
Henrik Lottrup | Founder & CEO | Leadership |
Complete people profiles for Xplanation
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Xplanation
Xplanation has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Matrix Communications.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Enterprise network integration and IT services are provided to businesses. | matrixcomm.com | Plymouth, United States | 1985 | Dec 2016 | •••• |
Complete acquisition details for Xplanation
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- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Xplanation
5 dated milestones of Xplanation across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Xplanation is founded.
- Acquisition Acquires Matrix Communications.
- Funding First funding round.
- Funding Latest funding round, Grant, of $27K.
- Exit Acquired by LanguageWire.
Web traffic of Xplanation
Websites that share an audience with Xplanation (xplanation.com).
Websites whose visitors overlap most with Xplanation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
empresia.es | empresia.es | 100% | #81,753 | – | |
youalign.com | youalign.com | 88% | #7,496,732 | – | |
starspb.ru | starspb.ru | 54% | #9,540,321 | – | |
| terminotix.com | 54% | #12,909,222 | View details |
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Related news about Xplanation
Complete news archive for Xplanation
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Frequently Asked Questions about Xplanation
Xplanation was founded in 2001 and raised its 1st funding round 16 years after it was founded.
Xplanation is headquartered in Leuven, Belgium. It is registered at Leuven, Flemish Brabant, Belgium.
Henrik Lottrup is the CEO of Xplanation, as recorded in our data. They have also founded this company.
Xplanation is a Belgian-based language service provider that offers professional translation and localization services to enterprises. It uses its in-house developed translation management system also called Tstream that consists of a fully integrated suite of tools such as terminology management, CAT and associated automated quality assurance tools, validation tool for in-country review, among others. It leverages native linguists specialized multiple languages like Afrikaans, Arabic, Armenian, Assamese, Basque, Belarusian, Bulgarian, Burmese, Catalan, Chinese, English, Estonian, Faroese, among others for providing services like desktop publishing (DTP), document translation, glossary or terminology, multimedia localization, proofreading, QA testing, to name a few. In 2018, the company was acquired by LanguageWire to expand the latters footprints leveraging the formers presence in Asia and the United States.
Xplanation has made 1 acquisition, including Matrix Communications.
Xplanation has 2 investors. Key investors include European Union, and LanguageWire.
Yes. Xplanation was acquired by LanguageWire in October 2018.