Transifex has introduced its translation and localization software to students through the Student Developer Pack, providing a free year of the Starter plan, which is valued at $99 per month. This cloud-based platform is designed to manage the translation and localization of software, allowing users to handle 50,000 hosted words, create unlimited projects, and collaborate with translation partners to reach a global audience. Students benefit from having 10 team collaborators and the ability to reuse existing translations across projects, facilitating the creation of internationally-ready software from the outset. The Student Developer Pack offers free access to top developer tools from various technology companies, including Stripe, Travis CI, and Unreal Engine, enhancing the resources available for student developers.