Ortsbo.com, a real-time translation application, experiences rapid international growth

Source: Canadian Business Online
Story flagged by: RominaZ

Ortsbo.com, a real-time translation application for services like Twitter, Google Talk and Facebook Chat, is experiencing rapid international growth that’s making it a potential takeover target.

Toronto-based Ortsbo.com has been hot enough that Lucatch has hired the Corum Group, a global leader in software mergers and acquisitions to help it consider its future.

Ortsbo.com had a $30 million offer last September after starting up last summer, Lucatch said, but noted that at this time the market is “giving us a significantly higher value.”

The company had a market capitalization of about $61 million based on its share price Thursday.

Lucatch said he is expecting a multilingual Internet to provide more international growth in countries such as Brazil, Russia and India.

See: Canadian Business Online

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