Foresight invests £3m in 'rapidly growing' interpreting and translation services business
Foresight Group has invested £3m from the Foresight Regional Investment Fund into Altrincham-based DA Languages Limited.
DA Languages is a interpreting and translation services business with a network of thousands of vetted professional linguists, who speak more than 450 languages, and complete thousands of interpreting and translation jobs each month.
The company, which employ around 20 staff at its head office, offers three core services, face-to-face interpreting, telephone interpreting and written translation services to corporates, charities, NHS Trusts and local authorities.
DA Languages, which employ around 20 staff at its head office, was founded in 2007 by Actar Arya.
London-based Foresight’s investment will be used to further expand and professionalise DA Languages as it continues to grow.
Alongside the investment, Foresight has introduced a new finance director, Christina Tamblyn who was formerly FD of Ascribe, a healthcare software business.
Claire Alvarez, senior investment manager at Foresight, said: “DA Languages is a rapidly growing, successful business, whose services support and enable the increasingly multicultural and diverse society here in the UK.
“With an already strong market position, we are looking forward to helping DAL further diversify into the private sector translation market. We are confident that the company will continue to go from strength to strength.”
Actar Arya, founder and managing director of DA Languages, commented: “I have loved setting up DAL, providing useful services to those who need them. The company has grown rapidly and I am excited to bring further support on board to continue the business’s expansion plans.”
James Livingston, partner at Foresight, added: “DAL marks the eighth investment made by the Fund which has now deployed more than £22m into smaller growth businesses across the region.
“At the end of last year, our investees in the region had created over 160 jobs, a 35% increase from the previous year. DAL is a good reflection of the entrepreneurial culture that is so prevalent in the North West.
“FRIF now has a broad and diversified portfolio with several further new investments imminent. We look forward to working with DAL on the next step of its journey.”
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