XTM Acquires Consoltec, Creator of FlowFit, to Strengthen Enterprise Localisation Operations
XTM International has acquired Consoltec, the developer of FlowFit, a secure Translation Business Management System (TBMS) designed for global enterprises. This strategic acquisition enhances XTM’s position in the TBMS market by integrating FlowFit with its existing solution, XTRF, which supports Language Service Providers (LSPs) in improving profitability and client delivery.
The combined offerings aim to address the increasing demand for rapid, high-quality multilingual content delivery in secure environments. Ian Evans, CEO of XTM, emphasized that this merger creates a unique platform that combines enterprise-grade TBMS functionality with scalable, AI-driven translation management capabilities. FlowFit’s secure project management system is particularly beneficial for regulated industries, ensuring compliance and data protection.
With this acquisition, XTM plans to establish a North American hub, expanding FlowFit’s reach and enhancing its platform’s capabilities. This move follows a successful year for XTM, marked by the launch of advanced AI tools and recognition as AI Localization Software Company of the Year 2024. For further details, readers can explore the full article.