Straker and IBM extend strategic translation service agreement
Technology-led, next generation language and localisation services provider Straker Translations (ASX: STG) has announced to the ASX it has extended its strategic translations services agreement with International Business Machines Corporation (IBM) by three years.
The new agreement ensures Straker will continue to accrue the significant, multi-million-dollar revenue from its existing contract with IBM and allow for growth. As noted in the FY2022 Annual Report, IBM contributed $14.8m in revenue in FY2022. The contract also underscores the strength of the relationship between the company and IBM.
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