Welocalize Ranked 2nd Fastest Growing Language Service Provider
Common Sense Advisory report recognizes Welocalize as having one of the highest sustained revenue increases from 2010 to 2012
June 26, 2013 — Welocalize announced today its official ranking as one of the world’s fastest growing language service providers (LSP). Released June 24 by the market research firm, Common Sense Advisory, the report titled “The Fastest Growing LSPs,” put Welocalize at number two. From 2010 – 2012, Welocalize enjoyed an average three-year growth rate of 179.58% and a compound annual growth rate (CAGR) of 40.88%.
“Like a healthy teenager, we are growing fast. The world economy has had a tough few years, so to be the second fastest growing LSP is great news for our staff, our clients, our partners and the localization industry,” said Smith Yewell, CEO of Welocalize. “The direction Welocalize is moving in is UP!”
This report looked at 186 LSPs, with earnings ranging from $1 million to $147 million in 2012. The firms represented a broad range of revenue, capability and geography. For this analysis, Common Sense Advisory analysts ignored everything but revenue growth. All that mattered was how much they grew, whether organically or by acquisition.
The report recognized that growth matters. Year-over-year and sustained growth are indicators of an LSPs performance and business health.
For more information please visit www.commonsenseadvisory.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 120 languages. With over 600 employees worldwide, Welocalize maintains offices in the United States, UK, Germany, Ireland, Japan and China.
Welocalize Media Contact:
Louise Law: firstname.lastname@example.org
About Common Sense Advisory
Common Sense Advisory is an independent market research company specializing in translation, localization, interpreting, globalization, and internationalization analysis and consulting. www.commonsenseadvisory.com.