After the successful 2nd Edition of the Valencian Global program and the MIT leadership program in Boston, Pangeanic becomes one of the sponsors of the 3rd Edition. Pangeanic was hand picked by serial entrepreneur Ken Morse, to present its technologies to the Japanese chapter of MIT in Tokyo last February.
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“We are proud to be linked to the initiative. We want to help other companies to internationalize and globalize their offerings and structure their sales channels – and translation services have a big role to play in those 3 areas. There is a lot of talent and a great ‘hard work culture’ here, but what is finally important for a good idea to succeed is not so much to be the first one, but to be the one that executes best”, says Manuel Herranz, Pangeanic’s CEO. “Google was not the first engine, nor the second, not even the third one. It was the the 7th search engine or so in the market. Yahoo! had a massive market share at the time both as a search engine and for its email services. The year Google was launched, we all searched with Altavista. Google did not invent anything new, it simply did things differently, in a better way.”

“It is essential to have a ‘source of recurrent income’ mentality to succeed and above all a sales team that can take the idea to the market efficiently. Without those two elements, it is very difficult for the company to take off. We also believe that this is a unique opportunity for many companies to see Boston’s ecosystem by themselves and more precisely MIT’s. Their ecosystem is only second to Silicon Valley in terms of innovation and venture capital”, Herranz continues.

“It is true that things are changing in Europe and also in Spain after a very harsh economic crisis. The term ‘adapt’ is used in many circles and I think it means different things to different people. The truth is that for local industry in Valencia this is a novel, quality leap to better management, financing, sales channels and team mentality. Maybe that gives a certain advantage over other countries where transition has been more gradual. Our machine translation have helped us differentiate from the rest of translation services companies. We develop the technology that we implement so that translation can help you reach more markets, faster and deeper.”