RantNetwork and China's Bridge Innovation Capital Announce Strategic Partnership
RantNetwork, global developer of mobile language translation and interpretation applications today announced a strategic partnership with Beijing's Bridge Innovation Capital representing an important milestone in its growth.
- (1888PressRelease) January 24, 2014 - Bloomsburg, PA and Beijing, China - RantNetwork, developers of language translation applications for SmartPhones and Bridge Innovation Capital, a leading China based provider of strategic business development for foreign based companies entering the China market announced today the signing of an exclusive strategic partnership for RantNetwork's OPI Translate mobile language platform.
RantNetwork has integrated Over-the-Phone-Interpretation (OPI) services with translation services to create OPI Translate, a mobile phone application for iPhone and Android SmartPhones providing free text, voice and photo translation, and one button access to low cost human interpretation services for over 200 languages and dialects 24/7/365 days a week. All of RantNetwork's interpreters are bilingual/bicultural professionals trained to perform several complex tasks including listening to the speaker, analyzing a fleeting and yet real message in its entirety, interpreting the message into another language while preserving the characteristics of form and substance inherent in another culture. RantNetwork's network of 7,000 interpreters is proficient in medical, legal, financial, and government terminology as well as many other industries. Users select a language pair, tap a button and within seconds a live interpreter will be online to help RantNetwork's customers with their bilingual on demand on-site or conference call needs.
The service enhances business and government communications without the need for advance scheduling of in-person interpreters, and promotes business process efficiencies by providing live interpretation services through the phone for as-needed language assisted conversations, spontaneous discussions or meetings, emergencies, and other practical day-to-day business needs of companies and institutions engaged in multi-lingual business activities.
The agreement with Bridge Innovation Capital provides RantNetwork with a local development partner in China that will be responsible for growing the company's footprint in the Asia Pacific region. Bridge Innovation is a merchant banking platform focused on devising comprehensive financing and business development strategies for companies entering the China market and for Chinese companies with global aspirations.
"With the explosion in global business taking place in China, language challenges for any business are one of the largest obstacles to success, impedes productivity, and directly impacts financial performance," said Kenneth Volet, CEO of RantNetwork. "Bringing to China OPI Translate's one button live interpreter mobile app mitigates the language barrier and can be deployed on virtually every employee's SmartPhone in use today. It's like having your own private live interpreter in your pocket for both routine and unexpected, spontaneous business or government needs," said Volet.
Bridge Innovation will collaborate with RantNetwork to develop OPI Translate customer relationships, investment capital opportunities, advise on corporate issues, and assist in creating an engineering and technology facility for RantNetwork in China that supports the company's mobile phone applications in the world's largest competitive marketplace. Given this development, RantNetwork will now begin to focus its efforts on supporting not only US and other western companies with language challenges in their business enterprise but also Chinese companies of all sizes doing business in China or worldwide with non-Chinese speaking partners, employees, and customers.
"What the team at RantNetwork has built provides enormous business efficiencies and normalizes communication between native Chinese speakers and the rest of the world," said Tariq Jawad, President of Bridge Innovation Capital. "This is a game changing technology for Chinese firms and foreign companies of all sizes. OPI Translate is the great equalizer that allows any company inside or outside China to now engage in the China marketplace without language barriers, and allows for the fast pace, on-the-go nature of business conducted here that should not be impeded by language differences," said Jawad.
About RantNetwork
RantNetwork, Inc. has become the Leader in Image and Text Translation Services for the Global Communications Market. RantNetwork's early vision of a mobile application which combines the text scanner function with machine translation technology was an industry first. The labors of that vision have given birth to OPI Translate, a "best of breed" solution based on the fusion of mobile, internet, machine language translation technologies and live interpretation. OPI Translate incorporates the latest voice recognition/synthesizers, and photo recognition technology integrated with a 7,000 strong interpreter network for instant access to human translators in over 200 languages 24/7/365.
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