Norwest Mezzanine Partners Supports Norwest Equity Partners’ Acquisition of Welocalize
June 03, 2015
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has announced that it has invested junior capital and equity alongside Norwest Equity Partners (NEP) in support of NEP’s investment in Welocalize, a leading provider of technology-driven translation solutions.
Founded in 1997 by industry veteran and CEO Smith Yewell, Welocalize offers innovative translation and localization solutions to help global brands to grow and reach audiences around the world in more than 157 languages. Welocalize’s solutions include global localization management, translation, supply chain management, people sourcing, language services and automation tools including MT, testing and staffing solutions and enterprise translation management technologies.
John Hogan, a NMP partner, stated “Welocalize has a strong management team and a proven ability to execute on and achieve profitable growth. Under the leadership of CEO Smith Yewell, Welocalize has also successfully identified and integrated numerous acquisitions and has built a global and diversified client group. Supporting NEP in this transaction is a terrific opportunity for NMP.”
The investment capital from NEP will help Welocalize be best positioned to make future investments within the localization industry which is fragmented and consolidating.
Please visit www.welocalize.com to learn more.