Flex Language Services acquired by Ortus
The move, the first of its kind in Northern Ireland, sees the acquisition of a University spin out company by one of Northern Ireland’s leading social enterprises.
Flex Language Services (http://flexlanguageservices.com) was formed over 20 years ago as the University of Ulster’s Foreign Languages for Export Service, playing a prominent role in helping local industry, commerce, public bodies and individuals to meet the demands of an ever expanding multi-lingual market.
The company caters for up to sixty languages and has 250 interpreters on its books. Key clients include the Department of Education, Ministry of Justice, Health and Social Care Procurement Department, Industrial Tribunals Court, private sector industries and individuals.
Tim Brundle, Director of Innovation at Ulster Innovation Ltd, the University’s wholly owned subsidiary company, welcomed the completion of the deal, stating “Innovation Ulster is delighted to have sold Flex Language Services to Ortus, who we are confident have the right team to build the company into an internationally-competitive and locally-important enterprise. It highlights the University’s ability to create and manage incubator businesses which can eventually be sold as highly sought after spin-out companies.”
Ortus general manager Seamus O’Prey added “The acquisition of Flex Language Services signifies our commitment to facilitating the growth needed in the SME sector in Northern Ireland through the provision of channels into export for our existing and future clients. The services offered by Flex are also extremely important locally, offering translation and interpreting services to foreign nationals who contribute so much to the Northern Ireland economy.”
Posted on Monday, 01 August 2011 under Company News