BOSTON, Feb. 7, 2012 /PRNewswire/ -- Riverside Partners, a Boston based private equity firm, announced today that it has come to agreement to make a significant investment in Park IP Translations, the market leader in the highly technical field of patent translation. The investment in Park IP Translations will enhance the company's service offerings, providing clients with better translations on a global scale. Park IP is headquartered in New York, New York.
The investment will be made through Riverside Partners' portfolio company, Welocalize, a global market leader for content translation, localization and internationalization of web based content. Welocalize has over 500 employees in 11 offices located in the USA, Ireland, United Kingdom, Germany, China, and Japan, and provides translation supply chain management to deliver market-ready, translated content efficiently and affordably. Welocalize is headquartered in Frederick, Maryland.
Park IP Translations was founded as the first translation consultancy strategically positioned to serve the intellectual property community.