The Company’s Second Highest Ranking over 7 Straight Years
Frederick, MD, October 4, 2007 – Welocalize, Inc., a leading provider of globalization services, has been named to Deloitte’s prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in Maryland by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. This year’s Maryland Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ and SmartCEO.
Welocalize’s CEO E. Smith Yewell credits the company’s talented staff, strategic partners and loyal clients with the company’s 582 percent revenue growth from 2002-2006. Smith said, “This is our seventh straight year receiving this award and our second highest ranking since first earning a spot on the Fast 50 list in 2001. Our company has continued to evolve rapidly, and our global platform of eight offices in five countries enables us to meet our clients’ needs rapidly anywhere in the world. I would like to thank all of our staff, partners and clients for making this achievement possible.”
Welocalize’s increase in revenues of 582 percent from 2002 to 2006 resulted in a #13 ranking in the Technology Fast 50 for Maryland. The average increase in revenues among companies who made the Technology Fast 50 for this region was 632 percent.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Maryland, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United States are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
Welocalize offers integrated globalization services for the fluid and rapid deployment of enterprise content and applications to international markets. In response to unique customer needs, we provide globalization consulting, translation, localization and testing solutions that manage risk, improve repeatability and ensure transfer of knowledge from project to project.
Our clients include Autodesk, Inc.; Canon; Cisco Systems; Computer Associates; IBM; Microsoft; Sun; Symantec and Xerox. With over 400 employees worldwide, Welocalize maintains 9 offices in the United States, Germany, Ireland, Japan and China . Please visit www.welocalize.com for more information.
Idiom® Technologies is the leading independent supplier of SaaS and on-premise software solutions that enable our customers and partners to accelerate the translation and localization process so that content rapidly reaches markets worldwide. Unlike other companies serving this market, Idiom offers freedom of choice by embracing relevant industry standards, supporting popular content lifecycle solutions and partnering with the industry’s leading language service providers.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.