What Wordfast does

Wordfast is a privately held translation memory (TM) software company founded in 1999 and headquartered at 244 5th Ave, Suite 2133, New York. It develops platform-independent computer-assisted translation (CAT) tools that store previously translated segments as translation units (TUs) for reuse across projects, reducing repetitive translation work and improving consistency. Its product suite comprises Wordfast Pro (standalone cross-platform tool for Windows, Mac, and Linux), Wordfast Classic (MS Word-integrated), Wordfast Anywhere (browser-based cloud TM), Wordfast Server (enterprise server supporting up to 5,000 simultaneous users and 1 billion TUs per TM), and PlusTools (localization add-on). The platform supports import/export of competing formats (SDLXLIFF, MQXLIFF, Trados packages, TMX) and integrates with multiple machine translation engines including DeepL, Google Translate, Microsoft Translator, and Systran.

The company monetizes through a hybrid model: one-time perpetual licenses (US$460/EUR for Wordfast Classic), subscription/usage-based cloud credits ($9.90/month for Wordfast Anywhere, with up to 30% volume discounts and 50% off for developing-economy translators), enterprise server licensing starting at approximately €111/month based on concurrent users, and professional training services (€300 per two-hour online session, €900 per onsite day). Education institutions receive licenses free, with 150+ universities participating. Wordfast serves individual freelance translators, language service providers (LSPs), multinational corporations, and educational institutions worldwide, with self-serve PLG motions for individuals and enterprise sales motions for LSP and corporate segments. Its go-to-market emphasizes community-driven distribution through multi-language Facebook user groups, ProZ.com forums, monthly webinars, an annual Wordfast Conference, YouTube tutorials, and a comprehensive wiki knowledge base.

Wordfast is incorporated as Wordfast, LLC in New York with no disclosed external funding rounds, parent company, or M&A activity, consistent with a bootstrapped operating model. Recent product development has focused on iterative Pro and Server releases through 2024–2026, expanded MT engine support, and compatibility updates for newer operating systems (macOS Sonoma, Windows Server 2025). Notable customer-facing evidence is limited — no enterprise anchor logos are named — indicating a long-tail revenue mix heavily weighted toward individual translators and small LSPs rather than concentrated enterprise contracts.

Name

Wordfast

Legal name

Wordfast, LLC

Website

https://wordfast.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Wordfast is a privately held translation memory software company founded in 1999, offering platform-independent CAT tools for individual translators, language service providers, corporations, and educational institutions worldwide.

Ownership category

akta.pro rank

Product category

Computer-Assisted Translation (CAT) Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Machine Translation & Multilingual NLP (HDAAADAD)

akta.pro secondary industry

Multilingual/Translation Communication Apps (BPAMACAJ)

Keywords

• Translation memory software
• Computer-assisted translation
• Localization tools
• Multilingual translation platforms
• CAT tool software

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Licenses (One-time Purchase): Wordfast Classic is sold as a one-time perpetual license at US$460/Euros per license, providing full functionality without recurring subscription costs.
2. Subscription/Credits (Wordfast Anywhere): Pay-as-you-go monthly credit system at $9.90/month with additional discounts for 3-month (up to 20%) and 10-month (up to 30%) purchases. Special 50% discount for translators in developing economies. Includes 30-day trial for $1.
3. Enterprise Server Licensing: Wordfast Server pricing based on concurrently connecting users, starting at approximately €111 per month. Enterprise quote-based pricing for larger deployments.
4. Professional Training Services: Onsite training at €900 per day plus trainer travel expenses; online training at €300 per two-hour session, recorded and made available for download. Training discounts of 25% on licenses for trainees who complete full training.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Wordfast develops and sells platform-independent Translation Memory (TM) software that allows translators, language service providers (LSPs), and corporations to store and reuse previously translated segments across projects. Its product suite spans desktop tools (Wordfast Pro for Windows/Mac/Linux and Wordfast Classic for MS Word), a browser-based cloud TM (Wordfast Anywhere), and an enterprise server (Wordfast Server) for centralized, real-time collaboration at scale.

Product overview

Wordfast offers a suite of platform-independent Translation Memory (TM) tools for translators, Language Service Providers (LSPs), and corporations. The product portfolio includes Wordfast Pro (standalone cross-platform TM tool for Windows, Mac, and Linux), Wordfast Anywhere (cloud-based web-accessible TM), Wordfast Classic (MS Word-integrated TM), and Wordfast Server (enterprise TM server for centralized real-time collaboration). PlusTools serves as an add-on localization utility. All products share TM/glossary interoperability, machine translation integration, and QA features. Educational institutions receive free licenses.

Differentiator

Problem solved

Functional benefit

Brands

• Wordfast Pro: Standalone, platform-independent translation memory tool designed for individual translators, LSPs, and corporations running on Windows, Mac, and Linux.
• Wordfast Classic
• Wordfast Anywhere
• Wordfast Server
• PlusTools

Products and services

• Wordfast Pro Standalone, platform-independent translation memory tool that runs natively on Windows, Mac, and Linux, designed for individual translators, LSPs, and corporations. Supports up to 5 million TUs per TM with WYSIWYG and tag-markup editors, high-speed batch processing, multilingual project support, MT engine integration, and Transcheck real-time QA.
• Wordfast Anywhere Cloud-based translation memory tool accessed via any web browser, allowing translators to work on projects from any web-enabled device with TM and glossary data stored on centralized secure servers. Pay-as-you-go credits priced at $9.90/month with 30-day trial for $1 and up to 30% volume discounts.
• Wordfast Classic MS Word-based translation memory tool that operates entirely inside the Microsoft Word interface for individual translators working on Word documents. Supports up to 1,000,000 TUs per TM, customizable macros, MT integration, real-time QA checking, and runs on Windows, Mac, and Linux with MS Word installed.
• Wordfast Server Enterprise translation memory server for LSPs and corporations that centralizes TM and glossary resources with permission-based management and real-time collaboration among distributed translators. Supports up to 5,000 simultaneous users, 1 billion TUs per TM, and 1,000 simultaneous TMs, with quote-based pricing starting around €111 per month based on concurrent users.
• PlusTools Add-on translation and localization utility for power users and general translators using Wordfast Pro, providing additional translation and localization features that complement the core CAT tool.
• Professional Training Services Onsite and online training services delivered by Wordfast staff for LSP and corporate customers, covering Wordfast products. Onsite training is priced at €900 per day excluding travel and per diem, and online training is €300 per two-hour session with downloadable recordings.

Quantifiable outcome

• 20-30% savings in translation costs through TM content re-use compared to desktop-only TM
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability4 records

Feature7 records

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• XTM International: Provider of XTM Cloud, a CAT and TMS targeted at LSPs and enterprises. Overlaps with Wordfast Pro and Wordfast Server on TM leverage, project management, and enterprise TMS positioning.
• Crowdin: Cloud localization platform for software, apps, and games with built-in CAT features, overlapping with Wordfast Anywhere for translators and Wordfast Server for in-house localization teams.
• Phrase: Phrase (formerly Memsource) is a cloud-first TMS that targets LSPs and enterprise localization teams, directly competing with Wordfast Server and Wordfast Anywhere for the same mid-market and enterprise translation buyer.
• Across Systems: Developer of the crossLanguage TOM and the Across Language Server, a German-headquartered TMS serving LSPs and corporate translators. Competes with Wordfast Server for enterprise localization infrastructure deals.
• RWS Group (Trados): Owner of SDL Trados, the dominant desktop and cloud CAT/TMS platform serving the same translator, LSP, and enterprise localization buyers as Wordfast. Competes head-to-head on TM technology, file-format coverage, and enterprise deployment.
• Lokalise: Cloud localization platform for agile software and digital product teams, overlapping with Wordfast's corporate/enterprise customer base and competing for CAT/TMS share in tech-forward localization programs.
• Smartling: Cloud translation management and localization platform serving enterprise and digital-content customers. Competes for the same corporate/localization budgets as Wordfast's enterprise offering, with a more cloud-native value proposition.
• memoQ (Kilmey Kft.): Provider of memoQ translation environment, a leading CAT and cloud TMS for LSPs and freelance translators. Overlaps with Wordfast on TM, terminology, and project workflow and is directly named in Wordfast's interoperability/conversion features (MQXLIFF).
• Matecat: Free, open-source web-based CAT tool from Translated, targeting freelance translators with an MT-integrated workflow. Competes with Wordfast Anywhere on price (free) and web accessibility for the same freelance translator audience.

Broad incumbents

• DeepL: Premium machine translation provider that Wordfast integrates with as one of its MT engines. While not a direct CAT competitor, DeepL's standalone product and DeepL Write are increasingly used by translators who might otherwise rely on a CAT workflow, making it a partial substitute threat at the low end.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/WordfastTM
• Facebookfacebook.com/groups/wordfastusers
• Xx.com/Wordfast
• LinkedInlinkedin.com/company/wordfast

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wordfast