TransPerfect, a company based in the United States, has bought Unbabel, a translation technology company that started in Lisbon. This move helps TransPerfect grow its presence in language services that use artificial intelligence. The deal is a big change for Unbabel, which was founded in 2013 and has been a well-known startup in Portugal.
Although both companies do similar things, TransPerfect's CEO said Lisbon will stay important, and the company's office there will become a major center in Europe.
This shows how Portugal's tech environment is drawing attention from big companies looking to use the country's skilled workers and innovative ideas.
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