memoq
- Company typePrivate
- Founded2004
- HeadquartersBudapest, Hungary
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
memoq firmographics
Firmographics- Name
- memoq
- Legal name
- memoQ Translation Technologies Ltd.
- Website
- https://memoq.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Where memoq is headquartered
LocationHeadquarters
- HQ city
- Budapest
- HQ country
- Hungary
- HQ region
- Europe
Offices1 record
Markets served
memoq business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Licenses (Perpetual and Subscription): memoQ sells desktop translation editor software licenses, available as either one-time perpetual licenses or annual subscription licenses. These licenses are the primary revenue driver, targeting professional translators, language service providers, and enterprises.
- Cloud Server Subscriptions: memoQ offers cloud-based server products (memoQ server) on a subscription basis, providing translation project management, collaboration, and workflow automation hosted in the cloud for teams and enterprises.
- Support and Maintenance Agreements: Annual support and maintenance contracts are sold alongside software licenses, providing software updates, technical support, and access to new features.
- Professional Services: memoQ provides professional services including training, onboarding, and implementation consulting to enterprise and LSP customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Trial / Evaluation |
| One time/ perpetual license | Multi-year contract | Desktop Editor License (Perpetual) |
| Subscription | Annual | Desktop Editor License (Subscription) |
| Subscription | Annual | Cloud Server Subscription |
| Subscription | Multi-year contract | Support and Maintenance Contracts |
| Subscription | Annual | Special Academic / Student Pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels11 records
memoq product offering
Product offeringCore offering
memoQ develops and sells a translation management and computer-assisted translation (CAT) platform built around a proprietary Translation Memory (TM) engine and integrated machine translation capabilities. The company sells desktop translation editor licenses (perpetual and subscription), cloud-based translation server subscriptions, terminology management solutions, and an iOS dictation application. The platform serves individual professional translators, language service providers, and global enterprises across life sciences, gaming, audiovisual, finance, and technology sectors.
Product overview
memoQ offers a comprehensive translation and localization management platform consisting of multiple integrated products. The core offering includes memoQ TMS (translation management system for enterprises), memoQ translator pro (computer-assisted translation for individual translators), memoQ project manager (project management environment), and memoQ AI Translation (AI-powered automation). The platform is complemented by Terminology Management solutions and hey memoQ (iOS dictation app). Following the 2024 acquisition of Globalese, the platform now includes AI-powered custom neural machine translation capabilities with domain-adapted models and on-premises training. memoQ AGT (Adaptive Generative Translation) represents the latest AI advancement for translation automation. The platform serves enterprises, language service providers, and professional translators across industries including life sciences, gaming, audiovisual, finance, retail, technology, and manufacturing.
Differentiator
Problem solved
Functional benefit
Brands
- memoQ TMS: Translation management system for enterprises to manage and automate localization processes on a global scale
- memoQ translator pro
- memoQ AI Translation
- memoQ AGT (Adaptive Generative Translation)
- memoQ project manager
- hey memoQ
- globalese by memoQ
- memoQ Cloud
- memoQ Gaming Hub
- memoQ Design Lab
- memoQ Academy
Products and services
- memoQ TMS Enterprise-grade translation management system enabling organizations to manage and automate localization processes on a global scale with flexible workflow management, project tracking, automated quality checks, and advanced reporting. Targeted at enterprises, LSPs, and global teams requiring end-to-end translation project management.
- memoQ translator pro Computer-assisted translation environment designed by translators for translators, supporting day-to-day translation and review tasks with translation memory, termbases, QA tools, and integrated machine translation. Targeted at professional translators (freelance and in-house).
- memoQ AI Translation AI-powered translation automation solution for global teams, integrating machine translation and generative AI capabilities. Targeted at enterprises seeking automated translation workflows.
- memoQ project manager Translation project management environment with all memoQ translator pro functionalities plus unique project management features, available in cloud subscription or memoQ server deployment. Targeted at teams managing translation projects.
- Globalese AI-powered machine translation training and deployment platform providing custom neural machine translation models with domain-adapted capabilities and on-premises training. Targeted at enterprises requiring customized MT engines.
- hey memoQ iOS dictation application for memoQ users that leverages Apple speech recognition to provide hands-free voice input and voice commands for translation tasks in over 30 languages. Targeted at professional translators seeking productivity gains.
- Terminology Management Terminology management solution offering three options to simplify management of industry-specific terminology across translation projects. Targeted at translators, LSPs, and enterprises needing consistent terminology.
- memoQ AGT (Adaptive Generative Translation) AI-based translation automation technology combining AI language model outputs with translation memory infrastructure to produce contextually adapted translations. Targeted at translators and enterprises seeking AI-augmented translation workflows.
- Business Services Professional services helping clients increase margins, improve ROI, build brand equity, and differentiate their brand from competition. Includes training, onboarding, and implementation consulting. Targeted at enterprise and LSP customers.
Quantifiable outcome
- Translators can achieve 50% or greater productivity improvement when using memoQ compared to without a CAT tool, through translation memory leverage and integrated AI assistance.
- +1 more outcomes
Companies that use memoq
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles6 records
memoq technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability8 records
Feature6 records
memoq partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Globalese GmbHcorememoQ acquired Globalese GmbH, a provider of neural machine translation technology. This acquisition brought Globalese's proprietary adaptive machine translation engine into memoQ's product portfolio, enabling memoQ to offer its own MT technology integrated into the memoQ translation environment. The acquisition strengthened memoQ's AI strategy and provided a competitive alternative to third-party MT providers.
- Language Intelligence Corporation (LIC)minorLanguage Intelligence Corporation (LIC) is a joint venture between NATIONS Translation Group and memoQ. LIC serves as a vehicle for combining NATIONS' translation service expertise with memoQ's technology platform to deliver AI-augmented translation services. The joint venture represents a strategic collaboration to advance AI-powered language services using memoQ's technology stack.
Scale indicators1 record
Recent moves6 records
Expansion highlights6 records
memoq competitors and assessment
Company assessmentDirect peers
- RWS Group (SDL Trados): RWS Group is the parent of SDL Trados, the historically dominant CAT/TMS platform and memoQ's most direct competitor. Both sell translation memory-based environments, LSP workflow tools, and enterprise TMS to translators, LSPs, and global enterprises, and frequently compete for the same localization budgets.
- Phrase: Phrase (formerly Memsource) is a cloud-based TMS and CAT platform serving enterprises, LSPs, and translators. It directly competes with memoQ TMS and translator pro, offering similar TM, MT integration, and project management workflows, and is a frequent head-to-head alternative in enterprise RFPs.
- Smartling: Smartling is a cloud translation management and localization platform targeting global enterprises. It competes with memoQ TMS for enterprise localization deals, with comparable cloud-server architecture, MT integration, and TMS workflows, and a similar enterprise/LSP customer base.
- Wordfast: Wordfast is a CAT tool vendor with both desktop and cloud offerings targeting freelance translators and LSPs. It overlaps directly with memoQ translator pro on translator productivity features (TM, termbases, MT integration) and is one of the most cited alternatives to memoQ in translator communities.
- XTM International: XTM International is a cloud-based TMS with CAT functionality, targeting enterprises and LSPs similarly to memoQ TMS. It offers comparable TM, MT, and workflow features and is often evaluated alongside memoQ in localization technology procurement decisions.
Emerging players
- Lokalise: Lokalise is a developer-focused localization platform offering TMS, in-context editing, and automation for product and engineering teams. It overlaps with memoQ on TMS and MT integration, but is primarily aimed at SaaS/tech companies rather than traditional LSPs and translators.
- DeepL: DeepL is a high-quality neural machine translation provider that competes with memoQ's Globalese and AI Translation products. It is also increasingly integrated into memoQ itself, but as a standalone MT service it threatens memoQ's CAT-based value proposition for customers willing to use raw machine output.
- Translatum / OmegaT: OmegaT is a free, open-source CAT tool widely used by freelance translators. It competes with memoQ translator pro at the low end of the market, particularly among price-sensitive individual translators who may forgo memoQ's paid features.
- Unbabel: Unbabel combines neural MT with human post-editing in a managed translation service. It overlaps with memoQ on AI-augmented translation workflows and competes for enterprise localization budgets, though it operates more as a translation service than a CAT tool platform.
Broad incumbents
- Microsoft Translator / Google Cloud Translation: Google Cloud Translation and Microsoft Translator are large-scale general-purpose MT providers that compete indirectly with memoQ's AI Translation and Globalese offerings. While not CAT tools, they are deeply embedded in localization pipelines and represent the underlying MT commoditization risk to memoQ's AI strategy.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
memoq social profiles
Digital presencememoq compliance and trust
Trust signalCompliance4 records
memoq financial estimates
Financial estimateRevenue estimate
Valuation estimate
memoq leadership team
Management profileNumber of profiles
Profiles5 records
memoq subsidiaries and ownership
Company hierarchySubsidiaries1 record
memoq funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
memoq M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about memoq
What does memoq do?
memoQ develops and sells a translation management and computer-assisted translation (CAT) platform built around a proprietary Translation Memory (TM) engine and integrated machine translation capabilities. The company sells desktop translation editor licenses (perpetual and subscription), cloud-based translation server subscriptions, terminology management solutions, and an iOS dictation application. The platform serves individual professional translators, language service providers, and global enterprises across life sciences, gaming, audiovisual, finance, and technology sectors.
Is memoq a public or private company?
memoq is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was memoq founded?
memoq was founded in 2004. It employs 51 to 100 people.
Where is memoq based?
memoq is headquartered in Budapest, Hungary, in the Europe region.
How does memoq make money?
Four revenue lines are on record. Software Licenses (Perpetual and Subscription) is the primary driver. The others are cloud Server Subscriptions, support and Maintenance Agreements and professional Services.
Who are memoq's main competitors?
Direct peers on record are RWS Group (SDL Trados), Phrase, Smartling, Wordfast and XTM International. Emerging players are Lokalise, DeepL, Translatum / OmegaT and Unbabel. Microsoft Translator / Google Cloud Translation is listed as a broad incumbent.
Does memoq have an API?
Yes. memoQ offers APIs that enable developers to enhance the functionality of memoQ. The APIs allow developers to build custom integrations and automations with the memoQ translation management platform. Developer documentation is at www.memoq.com/integrations/apis.