Paris-based IP service provider Questel has acquired Morningside, according to a March 25, 2021 press release.
Questel’s motivation behind acquiring the New York based patent, life sciences, and legal translation provider includes Morningside’s “major global law firm presence, which will allow Questel to significantly expand and diversify its customer base,” the same announcement stated.
Questel CEO, Charles Besson, added, “Translation plays a critical role in providing end-to-end integrated IP solutions to our clients.” Financial and other terms of the deal are, thus far, undisclosed.
Morningside, ranked #23 on the Slator 2021 LSPI, reported revenues of USD 72.9m in 2019 (2020 figures still pending at press time). It was only in September that the company announced a major rebrand and website overhaul.
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Data and Research, Slator reports
40 pages on translation, localization industry M&A, venture funding. Valuations, PE funds, deal rationale, geo, investment theses.
As previously reported, Morningside acquired Net-Translators in 2019, expanding its presence in Israel. Around that time, Morningside also bought rival patent translation provider PLS, but never officially announced the deal. (Going to the PLS login page automatically redirects users to the Morningside IP platform.)
Specialized in serving highly regulated industries, Morningside was founded in 2000 by Josh Eisen and three other partners. In 2017, the language service provider (LSP) was acquired by Tom Klein and Roland Lessard — who, at the time, were set on playing the long game. But with the Questel deal, the duo has now completed their mission to buy, build, and sell a company within less than four years.
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Data and Research, Slator reports
45 pages on translation and localization pricing and procurement, human-in-the-loop models, and linguist compensation.
Questel had previously acquired Utah-based LSP MultiLing in 2018 in what MultiLing CEO Michael Sneddon described as “a highly competitive process.”
With its acquisition of Morningside, Questel is now likely the second largest patent translation provider after RWS.
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