
In 1984, Iko founded TRADOS Inc, together
with his high-school buddy Jochen Hummel. The company,
back then German, specialized in developing software for
language translation.
Both Iko and Jochen were developers by trade and kept
programming for many years, slowly wearing additional
hats in their growing organization.
In late 1997, as the Chief of Business
Development and the CEO/President of TRADOS US, Iko
raised and negotiated a 20% investment by Microsoft.
After 13 years in business, this was the company's first round of external
funding.
Additional investments by reputable
firms like Merrill Lynch, Deutsche Bank,
and Sequoia Capital followed. |
Over time, TRADOS
had become the leading language technology
provider to a wide variety of customers, including many
of the Fortune 500 companies in the US and abroad.
Despite its Internet ambitions and the
"Internet-bubble" in 2001, the company survived, and
came out stronger than ever before. In 2005, TRADOS was acquired for 60m$ by
SDL plc, a publicly
traded language services and technology provider.
In late 2002, Iko took a short sabbatical and traded the
hectic life of a TRADOS executive for a new startup
idea. Not that this new venture would be any less busy,
but it allowed him, once again, to spend a lot more
time hands on.
"Talking to clients and translating
their requirements into functionality of the product,
is what I love doing. If you can sell your product along
the way and keep the feedback cycle going, for me, this
is as good as it gets."
To date, Iko keeps developing major portions of the
code behind Softalot products. With over 150
installations in the first year of market presence, also a
rewarding experience.
Besides developing software,
Iko also enjoys movies. Hence the
slightly "groovy" name of his new company. |