Frederick, MD USA – November 14th, 2012 Welocalize today announced that it ranked number 406 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006 – 2011. Welocalize grew 181% during this period.
Welocalize’s CEO, Smith Yewell commented on the ranking. “Welocalize did it again. Only this year, we did it better – our revenue growth is higher and we’ve moved up 32 places from last year’s ranking. As always, credit due to our hard-working and focused, global workforce. It’s still a tough economic climate out there and we know our localization and translation services have to be delivered as efficiently as possible to meet the ever-growing needs of our clients,” said Smith Yewell. “Our focus on Operational Excellence to drive out waste and add value is creating impact in the industry and delighting our clients.”
“We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and US technology, media and telecommunications (TMT) leader. “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
Welocalize previously ranked 438 in 2011 – The Company has received the Technology Fast 500™ award for the past 12 years
About Deloitte’s 2012 Technology Fast 500
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
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. Please visit www.welocalize.com for more information.