2017 was a good year for Anzu Global. The M&A business increased fourfold. We closed six opportunities in 2017 with several offers outstanding. Our Launchpad initiative increased revenue by 200% (Launchpad is where we help LSPs outside the US enter the US marketplace by offering senior sales consultants). Our contract revenue stayed the same at roughly $1.7 million annually. We also brought on board industry veteran Mimi Moore who will be our Anzu Global West Coast account manager.
Looking forward to another strong year in 2018. We work with many of the Fortune 100 technology clients. There is an ongoing shortage of qualified localization personnel. Anzu Global is well positioned to support hiring across the US for qualified bilingual and localization personnel. The M&A business for language companies is also very active. It is considered a strong ‘sellers’ market and Anzu Global is working with a large group of owners, both ‘buyers’ and ‘sellers’.