Georg Ell appointed CEO of Memsource to lead localization software company into its next phase of growth

George Ell, CEO of Memsource

The executive will put his experience gained at Tesla and Microsoft for Memsource, funded by Carlyle, the highest-ranked translation management solution

Memsource's enterprise-class platforms help leading companies accelerate their international growth while significantly reducing costs and workload."

— Georg Ell, CEO of Memsource

PARIS, FRANCE, May 19, 2022 /EINPresswire.com/ -- Memsource, the industry's highest-rated translation management solution, has appointed Georg Ell Chief Executive Officer and expanded its leadership team with new members. She brings more than 15 years of experience in the technology industry, having previously held senior leadership roles at Tesla, Yammer and Microsoft. He joins Memsource as the company experiences strong international momentum, having recorded its best year and achieved organic growth of more than

40% of its Annual Recurring Revenue in 2021, following the acquisition of the SaaS platform Phrase which added a software localization offer to its business. This follows the acquisition in 2020 by the international investment firm Carlyle of a majority of Memsource shares.

"Memsource's enterprise-class platforms help leading companies accelerate their international growth while significantly reducing costs and workload," said Georg Ell, CEO of Memsource. By combining the strengths of Phrase and Memsource, we offer the widest range of translation and localization solutions to teams and companies of all sizes that are going international. I look forward to joining the team and developing its impressive current momentum."

Memsource helps Personio, TravelPerk, OVH and more than 30 other companies accelerate their international growth. These companies now join Uber, Zendesk, Shopify, Supercell, Huawei, Vistaprint, Škoda, Bosch, Fujifilm, Volkswagen, Porsche, XING and thousands of other Memsource customers around the world.

Memsource will continue to integrate Phrase's technology to develop the next generation of translation automation systems and address all enterprise localization use cases, enabling sophisticated software localization across international markets. Its technology makes it possible to manage considerable volumes of translation through advanced automation, machine learning, and artificial intelligence capabilities.

Memsource also appointed Bharat Siyani VP People. He joins the management team and will support growth in terms of organization and employees. Siyani has over 10 years of cumulative experience in HR leadership and recruitment roles in the technology sector. Siyani will work with the management team to implement best practices for employee engagement and strengthen diversity, while seeking to identify the right talent to achieve the company's ambitious growth goals in the coming years.

Fernando Chueca, Managing Director, and Petr Rieger, Associate Director, both in the advisory team of Carlyle Europe Technology Partners, said: "We are delighted that Georg has agreed to take on the role of CEO and we believe that his experience and expertise are perfectly suited to move the company forward. Memsource is at the inflection point of a new phase of growth and the appointment of Georg is an important step on this path. His experience in managing high-growth businesses will be indispensable as we continue to support the company's ambitious growth plans and strengthen its position as an international leader in location technology."

About Memsource
Memsource helps international companies translate efficiently. Ranked first translation management system on G2, Memsource supports 500+ language, 50+ file types, and 30+ machine translation machines. Memsource enables its clients to improve translation quality while reducing costs by using its state-of-the-art patented artificial intelligence technology. It serves thousands of customers worldwide, including leading brands like Uber, Supercell, Vistaprint and Zendesk.

About Phrase
Phrase is a cloud-based software localization platform that accelerates multilingual digital product development. Phrase enables organizations of all sizes to scale up and centralize their translation processes through advanced automation and the wide range of integrations. Founded in 2012 in the heart of Hamburg, Phrase has grown from a small start-up to an agile and ambitious organization with a presence around the world. Phrase is growing rapidly, currently has more than a thousand corporate customers in more than 60 countries, and has been part of Memsource since 2021.

About Carlyle
Carlyle (NASDAQ: CG) is an international investment firm with deep industry expertise that deploys private capital across three business segments: international private equity, global credit, and global investment solutions. With $325 billion in capital under its management as of March 31, 2022, Carlyle's goal is to invest wisely and create value for the benefit of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs nearly 1,900 people in 26 offices across five continents. More information is available on www.carlyle.com Follow Carlyle on Twitter@OneCarlyle