Furthermore, a large number of plain-old translation agencies and tools such as WorldServer offer this in similar/hosted ways.

But what Cloudwords’ OneTM delivers is the first pure multi-tenant cloud-based translation memory system that enables a translation customer to directly own, manage, and centralize their TM– across any and all LSPs they work with. Thanks to the multi-tenant cloud model, Cloudwords is delivering sophisticated TM management at a pricepoint and ease of ownership that has never existed before.

OneTM delivers an innovative and first-of-its kind way of classifying, dimensioning, and categorizing Translation Memory. OneTM is built to work at massive scale for any sized customer. OneTM automatically, without any explicit work done by the customer, can create the most relevant buckets of TM to apply to any translation project… factoring in considerations such as type of content, company department, age, etc. And as we all know, TM is only as good as how accurate and relevant it is, and OneTM delivers to translation customers relevancy and ease of management never before seen for data sizes never before supported.

Cloudwords is not an LSP and does not provide translation services directly. And we fully agree that high quality translation services is dependent on having great translation project managers and translators to execute the work in conjunction with everyone utilizing great technology to manage the process. Cloudwords is focusing on delivering the best technology to translation customers to manage their translation process and assets, thus leaving the customer free to choose the best LSPs.

-Scott Yancey
CTO
Cloudwords

Any knowledgeable industry vet could poke holes through the single (unified) TM model, which is why I was surpised by how they make it seem innovative.

I sincerely hope (for them) that they do have something innovative that they simply failed to communicate through the PR.

Good luck Cloudwords.

Software localisation often carries a premium rate because the text strings that the translator will work with will appear “out of context” – they are in the main a series of commands as opposed to paragraphs of text; other factors to take into account include text string lengths – the space that the translated text has to fit may be limited to 10 or 16 characters.

LSP’s specialising in software localisation will provide their clients with glossary, terminology & translation memory services as part of the service; the use of these standard disciplines will save up to 40% per annum. They will be experienced in working with terminology, translation memory and other linguistic tools that have been the industry standard for the past 10 years or more. They will also use translators who are specialists in software localisation.

I doubt that the likes of Lionbridge, SDL, TheBigWord, Applied Language Solutions and many more of the top 100 LSPs in the world will lose sleep or revenue to Cloudwords.