Technology

  • Savigent Software Moves to Advance IIoT Solutions

    Savigent Software, a company specializing in event-driven manufacturing operations management software, recently joined the Industrial Internet Consortium® (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things (IIoT). As a member of IIC, Savigent will contribute its leading technology and expertise in manufacturing operations management software to the development of new business models, use-cases, reference architectures and joint solutions for the IIoT.







  • Sajan Named a Top 100 Company by EContent

    Sajan, part of the Harmony Funds portfolio of McGowan Capital Group and a leading provider of global language services and translation management system technology is honored to be named a Top 100 Company by EContent magazine for 2016 – 2017. The EContent 100 represents the most important companies in the digital content industry and also the trends in the industry that will be integral to success in the coming year. Now in its 16th year, this annual designation from EContent magazine reflects those companies – including Sajan and other industry leaders like Adobe, Google, HubSpot and IBM – that have made a difference in the digital content industry over the past 12 months. The category for Sajan is “Content Translation, Localization and Globalization.”







  • Sajan’s Financials for 2nd Quarter and First Half of 2016

    Sajan, part of the McGowan Capital Group portfolio, recently announced its second quarter financial results along with financials for the first half of 2016, compared to financial results for the same periods in 2015. The CEO, Shannon Zimmerman, discussed new sales and marketing activities that have been implemented to gain new customers and increase business from current customers.







  • Sajan Announces First Quarter Financials

    Sajan, part of the McGowan Capital Group portfolio, recently reported financial results for first quarter ended March 31, 2016. Revenues were $6,777,000, which represented a decrease of 9% compared to revenues of $7,481,000 for the quarter ended March 31, 2015. The Company reported a net loss of $200,000 for the quarter ended March 31, 2016 compared to net income of $4,000 for the same period last year. Adjusted EBITDA was $27,000 for the quarter ended March 31, 2016 compared to $346,000 for the quarter ended March 31, 2015. Revenues were $6,777,000, which represented a decrease of 9% compared to revenues of $7,481,000 for the quarter ended March 31, 2015. The Company reported a net loss of $200,000 for the quarter ended March 31, 2016 compared to net income of $4,000 for the same period last year. Adjusted EBITDA was $27,000 for the quarter ended March 31, 2016 compared to $346,000 for the quarter ended March 31, 2015.

    Sajan CEO Comments on First Quarter Results

    Shannon Zimmerman, CEO of Sajan commented, “Our first quarter is typically impacted by slower translation spending by our customers. This year we saw this seasonality manifest itself in the pattern displayed by last year’s first quarter top 10 customers. Seven of these top 10 customers had an aggregate 30% decrease in revenue. This pattern was repeated with many of our customers during the quarter, and although we benefited from new business and current customers with increased spending in the quarter, the overall impact was a 9% decline in total revenue. I would like to emphasize that our relationships with our customers are strong and that we are well positioned to see revenue growth during the rest of the year.”







  • Sajan 2015 Revenues Grow

    Sajan , a McGowan Capital Group investment portfolio company, reports favorable financial results for the fourth quarter and fiscal year ended December 31, 2015. Sajan, a language services provider based in Wisconsin, delivered their best revenue and profit quarter of 2015, offsetting revenue declines from current customers with acquisition and increased revenue from new clients. Revenues and net income were the second highest in Company history, slightly trailing 2014’s fourth quarter revenues.







  • Sajan – A Year in Review

    Sajan recently published a synopsis of momentous events that occurred with their company this year. This was recently published on their blog. Their highlights include promoting a new Director of Translation Automation, the retirement of Chief Operating Officer Angel Zimmerman, Paul Rome stepping into the COO role, launching a Global Life Sciences Practice, partnering with Corporate United – the largest indirect purchasing organization in the U.S. and purchasing software assets from technology firm Reverbeo to strengthen the SiteSync website translation proxy solution.