New CEO at Lingo24 as revenue grows 21%

From left - Andrew Campbell and Christian Arno
From left - Andrew Campbell and Christian Arno

Edinburgh-based Lingo24 has promoted Andrew Campbell, formerly Global MD, to the role of CEO.

Mr Campbell is the company’s second CEO, after Founder and President Christian Arno moved into his new role early last year. Paul Gregory, formerly CEO of Wood MacKenzie, remains Chairman.

“Paul and I are delighted Andrew has agreed to become our CEO at such an exciting time for the business,” commented Christian Arno, “Andrew has been running the business day-to-day for over six years now, and so this promotion will not change internal management significantly. But from an external perspective, it makes clear who is our executive leader and broadens Andrew’s remit. We are confident that Lingo24 will go from strength to strength under Andrew’s leadership.”

New CEO, Andrew Campbell, said “With many of the building blocks in place for the business to kick on from here, I am excited to be leading Lingo24 through the next phase of growth.”

Lingo24 announced revenue growth of 21% in 2018 achieving a number of important milestones, including revenue of more than £10.7m and reaching EBITDA of £1m for the first time.

Campbell continued: “2018 saw many of our customers choosing to expand their work with us significantly. I’m particularly proud that this vote of confidence from the customers who know us best underpinned our positive financial results. This demonstrates the value we bring to global businesses looking to translate at scale.”

It’s been inspiring to see the global impact that many of our clients are having with our support. There were many stories in 2018, but my highlights include:

  • supporting The Macallan’s first global advertising campaign;
  • long-time customer Eventbrite going public in an IPO to accelerate their growth in new markets;
  • and Swiss startup Ava announcing that over 16,000 pregnancies have been conceived thanks to their fertility-tracking bracelet and raising $30m to help accelerate their global growth.”

Operational improvements meaning that almost double the workload was completed in 2018 compared to three years earlier with no increase in headcount.

Lingo24’s customer base is truly global, with only 20% of revenue coming from their local UK-market, and more than 40% from North America. Well known clients include Virgin, WPP Group, Edrington and Groupon.

In technology, among other exciting developments in 2018, Lingo24 introduced Adaptive Machine Translation into its Coach tool. This has the benefit of reducing customer costs, which has resulted in stronger adoption rate among translators, positive feedback from them, and increased efficiency in completing translation tasks.

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