Clicky

Amethis completes a minority investment in Tarjama, the leading language technology & services firm in the MENA region

Amman, Jordan, November 16, 2021 / PRNewswire / – Amethis has completed its second transaction through its newly launched Amethis MENA Fund II (AMF2) and has acquired a minority stake in Tarjama.

Tarjama secured a strategic investment from a French investment firm to boost growth prospects and continue investing in technology

Tarjama secured a strategic investment from a French investment firm to boost growth prospects and continue investing in technology

Founded in 2008 by Jordanian entrepreneurs Nour Al Hassan, Tarjama is the leading provider of language technology and services in the MENA region, serving the language and localization needs of a wide variety of companies in the region’s largest markets. The company has developed proprietary language technology products, including a world-class machine translation engine with a focus on Arabic and Cleverso, its powerful translation management system. With a growing presence in the MENA region, Tarjama, which is run by women, enjoys gender equality and is a dynamic employer for young people across the region.

Amethis’ investment in Tarjama will help the company execute its AI technology roadmap and execute an ambitious organic and inorganic growth strategy in the region’s major markets.

Nour Al Hassan, Founder and CEO of Tarjama, said, “This investment from Amethis provides us with an exceptional opportunity to develop our technological capabilities and position Tarjama as the market leader in voice AI across the region. We look forward to this next growth phase, in which we will significantly further develop our current product portfolio, develop new customer-oriented products and expand our presence in global markets. “

Toufic Khoueiry who led the transaction for Amethis commented, “Our investment in Tarjama illustrates our strategy of supporting exceptional, growth-minded entrepreneurs who are successful in fast-growing sectors Nour Al Hassan and the Tarjama team as the company moves into its next chapter. “

Laurent Demey, Founding Partner of Amethis, added, “Amethis is proud to invest in Tarjama to not only support a leader in the attractive MENA localization market, but also a high-growth, women-run SME that has already achieved gender parity.”

Dechert LLP acted as legal advisor to Nour Al Hassan & Tarjama, while Hourani & Partners acted as legal advisor to Amethis. PwC and Slator have also been engaged by Amethis to provide financial, tax and commercial due diligence.

About Tarjama

Tarjama is an intelligent language technology and services provider helping businesses with multilingual content in all formats and languages to grow rapidly. Founded in 2008 by Nour Al Hassan, Tarjama has rapidly evolved to dominate the localization market in the MENA region through its proprietary range of innovative language solutions specifically designed for the Arabic language.

With a mission to help companies realize their potential for global growth, Tarjama is committed to providing language solutions that meet international standards for quality, speed and cost efficiency. It offers an end-to-end range of AI-powered language services, including translation, localization, interpreting, content creation, transcription, subtitling and strategic advice. To learn more about Tarjama visit www.tarjama.com.

About amethis

Founded by Luc Rigouzzo and Laurent Demey In partnership with the Edmond de Rothschild Group, Amethis is an investment fund manager focused on the African continent and the MENA region with assets under management of over $ 1 billion and nearly 30 investments completed to date.

Amethis brings growth capital to promising mid-cap champions in a variety of sectors and provides growth support through its spanning international network Europe and Africa. With five offices in Paris, Abidjan, Casablanca, Nairobi, and Luxembourg, the Amethis team consists of 40 experienced professionals with strong regional and sectoral expertise.

Through the Amethis MENA Fund II, which has completed its first closing at $ 101 million in July 2020, Amethis will majority and minority investments in fast growing SMEs in Morocco, Egypt, Tunisia, and Jordan. www.amethis.com

Above Edmond de Rothschild

As a belief-driven investment house built on the belief that wealth should be used to build tomorrow’s world, Edmond de Rothschild specializes in private banking and asset management and looks after an international clientele made up of families, entrepreneurs and institutional investors. The group is also active in the areas of corporate finance, private equity, real estate and fund services. With a consistently family-run character, Edmond de Rothschild has the independence necessary to propose bold strategies and long-term investments that are rooted in the real economy. The group, founded in 1953, has today 173 billion francs (€ 160 billion) assets under management, 2,600 employees and 32 locations worldwide. www.edmond-de-rothschild.com

Cision

Cision

View the original content to download multimedia:https://www.prnewswire.com/news-releases/amethis-completes-a-minority-investment-in-tarjama-the-leading-language-technology–services-firm-in-the-mena-region-301424713 .html

SOURCE Tarjama