CEO Series: Grant Straker is taking on the tech giants from rural NZ

Equity Mates Investing Podcast

It's no secret that New Zealand punches well above its weight with innovative, interesting companies that come across the pond and list on the ASX. In this episode, Alec and Bryce chat to Grant Straker - the co-founder and CEO of Straker Translations, an ASX-listed language translation service. Since co-founding Straker with his wife Merryn in 1999, the company has grown to $30m in revenue and a $130m market cap. Prior to Straker Translations, Grant was a paratrooper in the British Army. Straker has gone from strength to strength, with revenue growing from $10m in FY16 to $31m in FY21 (5 year CAGR, 25.6%) and guided for $50m in FY22, while the global market for language services was $43b in 2017, expected to be $67b in 2022 (5 year CAGR, 9.3%). Together they talk about how Straker will capture larger and larger market share in this growing market, their partnership with IBM, and what the future holds for Straker.

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