TransPerfect acquires Lylo Media | Major Businesses | Business
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Strengthening its commitment to media and entertainment industry clients in a deal that will see France's second-largest dubbing agency join forces with a leader in translation, TransPerfect has bought Lylo Media group.

transperfect 21Oct2019Founded in Brussels in 2012, Lylo has a presence throughout Europe and maintains studios in France, Belgium, Germany, Italy, and Morocco. The company counts leading entertainment companies such as Viacom Group (MTV, Paramount), Discovery Channel, Toei, Ubisoft, Netflix and HBO among its clients.

TransPerfect has grown rapidly in the media space, including recently announced deals to acquire Lassostudios, Sublime Subtitling & Translation, and AGM Factory. The company has invested heavily in providing the most advanced dubbing, voiceover and subtitling services, including artificial intelligence-powered solutions, to clients through its Media.NEXT platform.

The deal will see Lylo’s YouDub cloud technology integrated with TransPerfect’s Media.NEXT AI-powered platform, as well as the company’s GlobalLink translation management technology. The result is intended to provide clients with an end-to-end media localisation solution that will improve the speed and efficiency with which customers can release content internationally.

Financial terms of the agreement have not yet been disclosed but the deal will see Lylo become a division of the TransPerfect family with founder and CEO Grégoire Parcollet holding the title of division president at the corporate level and will joining TransPerfect’s senior management team, reporting to senior vice president Barnaby Wass.

“In TransPerfect, we found a partner who clearly shares our vision for the future of our industry,” Grégoire Parcollet remarked. “Their investment in technology is a clear sign that they are committed to innovating and truly disrupting dubbing and subtitling for the media and entertainment industry. Joining forces promises to provide Lylo clients and employees alike with a host of new opportunities.”

TransPerfect president and CEO Phil Shawe added, “Lylo’s technology vision has been an integral part of their company identity, and that has us extremely excited about what our unified teams will accomplish together. We want to extend a heartfelt welcome to all members of the Lylo family, and we look forward to working together to provide service and tech solutions that will benefit our combined customers in the entertainment space.”