Boostlingo Records 60% ARR Growth in 2023, Aims to Expand Language Access

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Boostlingo Records 60% ARR Growth in 2023, Aims to Expand Language Access

February 28, 2024Asif Pathan 27 0

Language access software provider Boostlingo recorded a 60% year-over-year (YOY) increase in Annual Recurring Revenue (ARR) in 2023. This growth positions the company to expand its technology platform, equipping language service providers (LSPs) with tools to thrive in the broader language services industry, valued at nearly $30 billion.
Boostlingo's growth was driven by several factors, including key acquisitions in 2022 of Boostlingo ii (formerly Interpreter Intelligence) and Boostlingo Events (formerly VoiceBoxer), which experienced double-digit ARR growth. Additionally, the beta launch of their AI product in q3 2023 garnered over 1,000 registrations, demonstrating demand for AI-powered live captioning and translations across popular collaboration tools.
SOURCE Boostlingo

Source prnewswire

Boostlingo Records 60% ARR Growth in 2023, Aims to Expand Language Access

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