Memsource Cloud is a complete Translation environment that allows you to create your own workflow, and share projects with your vendors. It supports over 50 file types and includes translation memory, integrated machine translation, terminology management, and a web-based as well as a desktop translator’s editor. Project management is done in a browser, and translation memories and termbases are all stored online. The only thing that actually happens on the local computer is the translation (or editing or proofreading).
CAT tools havetransformed the language industry. Proz.com has launched a software comparison toolthat makes it possible to compare and rate translation software products. Translators often find that some tools come with a confusing set of features and that they are not completely aware of how to use these tools. 

The most popular translation solutions include Wordfast, SDL Trados Studio, MemoQ, and Déjà Vu -they are highly priced and translators may even be required to go through extra training or obtain certifications by certain clients and companies. It is not uncommon for a translator to purchase a CAT tool to then find that future clients request that they use a different CAT tool package.