Linguamatics said this week that it is moving its UK-based headquarters to a new office located at the Cambridge Science Park.
The privately held company said its move to the new location was motivated by “consistent financial performance,” including “healthy profit margins, strong revenue growth from software sales and consultancy services, plus a strong balance sheet.”
Roger Hale, Linguamatics' cofounder and CEO, said in a statement that the new location will give the company the space it needs to “expand our product development and business teams to facilitate our planned growth into new areas.”
Linguamatics said it also expects to move its US office in Newton, Mass., to a larger space, although it has not disclosed where the new location will be.