Monday, March 22, 2010

Lingotek Gets Investment From In-Q-Tel

Draper, Utah-based Lingotek, a developer of translation collaboration software, announced Monday that the firm has received an additional strategic investment from In-Q-Tel, the CIA's venture capital arm. Financial terms of the deal were not disclosed. According to Lingotek, the investment comes along with a work development and licensing program. Lingotek said the funding will go to help fund the development and enhancements of the firm's new translation solutions. In-Q-Tel is a prior investor in the firm. More information »