welocalize lands spot on Inc. magazine list for 7th straight year
Ranks No. 2328 on the 2011 Inc. 5000
Frederick, Maryland USA – August 25, 2011 – Inc. magazine ranked Welocalize No. 2328 on the Inc. 500|5000 list of the fastest-growing private companies in the US. With Three-Year Sales Growth of 104%, the company earned its 7th straight year on the Inc. list.
Welocalize also ranked number 201 in this year’s Business Products & Services category, number 207 on the Washington DC Metro Area list, number 96 on the Maryland list and number 6 out of the 15 Language Services Providers.
“Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“We are honored to have made the list for a 7th straight year and I am very happy with the stable growth we were able to achieve between 2007 and 2010,” says Smith Yewell, CEO of Welocalize, Inc. “Last year was an eventful year with an expanding and very talented staff – all deserving of this recognition.”
Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies, represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/in5000/welcome.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com.
Welocalize offers integrated translation services and products to support the need for on-demand translation. We provide globalization consulting, translation, localization, testing solutions and enterprise translation management tools that are optimized to be able to deliver on-demand translation in over 100 languages. With over 500 employees worldwide, Welocalize maintains offices in the United States, UK, Germany, Ireland, Japan and China. Please visit www.welocalize.com for more information.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Visit Inc online at www.inc.com.