Join us in this new episode of Nimdzi Live as we walk through memoQ's most recent investment: memoQ RFP, Inc. A U.S.-based corporation that is developing the next-generation RFP Response platform.
The investment encompasses a significant cash infusion coupled with a technology licensing agreement that harnesses the capabilities of the existing memoQ technology.
memoQ’s decision to invest in memoQ RFP aligns with the rising demand for innovative Request for Proposal (RFP) response tools. The RFP response tool market is projected to be valued at approximately USD 200 million annually, with an impressive growth rate of 15-20 percent per year. This market includes a spectrum of related documents such as Requests for Information (RFI), security questionnaires, ISO and SOC II certification, and industry-specific credential audit documents, all of which necessitate the creation of fresh content while also benefitting from the efficient reuse of previously generated and approved content.
memoQ RFP’s groundbreaking platform will provide users with a unique choice: the option to leverage previously used and approved responses through a technology similar to a translation.
About Mark: He has held several leadership roles in the localization industry, including CEO Asia Pacific for CLS Communication and Managing Director Asia for thebigword. He is currently the Strategic Sales Director for memoQ, leading the company’s market expansion efforts in the regulated industries. Mark is now transitioning to his role as Co-founder and CEO of memoQ RFP.
About Nimdzi Live: A shadow industry is driving the growth of ALL global brands: Localization. Let’s talk globalization, localization, translation, interpretation, language, and culture, emphasizing how it affects your business, whether you have a scrappy start-up or are working in a top global brand.
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