IAC Applications takes over Graz-based start-up iTranslate

© iTranslate

iTranslate, which developed one of the most globally successful applications in recent years on the basis of the translation software with the same name, was sold by the company founders to IAC Applications, USA.

It will be part of the media and Internet group IAC headquartered in New York, which also owns brands and platforms such as the dating platform Tinder, the YouTube alternative Vimeo as well as European companies such as MyHammer and MyBuilder. According to the founders Alexander Marktl and Andreas Dolinsek, iTranslate will benefit from IAC’s global network and resources, and aims to continue its strong growth path. The global expansion of iTranslate is to be coordinated from its site in Graz. At the same time, a global competence center for IAC will be established in Graz.