The project company "Translation Management Systems" was established in 2011 on the basis of R&D department of ABBYY Language Services. By the beginning of 2011 the team of developers realized, that the groundwork in the Translation Memory technologies with proper additional research and development will lead to creation of a new generation Translation Memory, which will dramatically change the work of translators, and the whole language services indurstry. In 2011 the company became Skolkovo resident.
The Team consists of scientists, developers and linguists with deep knowledge of the product, as well as practical tasks and challenges, which are common to Translation Memory users nowadays. There are also managers, who have experience in building the company from scratch, working on international markets, and extensive knowledge of the language services market.
The parent company ABBYY Language Services (Perevedem.ru until 2007) was established in 2003 by the graduates of Moscow Institute of Physics and Technology, in 2007 the company became a part of ABBYY group of companies. According to independent research by CommonSenseAdvisory, the company enters Top-5 localization companies in Russia, CIS and Eastern Europe since 2008. Starting from 2004 the company invests into development of its own translation automation technologies. Following software was developed: internal informational system (Translation Management System), a technological platform for online professional translation (www.perevedem.ru). The company also participated in creation of the technological platform for national service of phone interpretation (www.ruPhone.ru). As a result, the company accumulated a lot of experience of using and developing modern linguistic technologies.