Welocalize Ranks 4th Largest Provider in US and 9th Largest Provider in the World
Frederick, Maryland – July 22, 2015 – Welocalize, a leading provider of localization and translation services, continues to demonstrate strong market growth with continued leadership as a top 10 global language service provider (LSP).
The market for outsourced translation and interpreting services and technology is expected to surpass $38 billion in 2015, according to Common Sense Advisory’s (CSA) annual study of the language industry. The annual research and LSP ranking shows industry growth, with the greatest opportunities in Asia and Northern Europe, two geographic regions showing continued growth in Welocalize’s enterprise client base and market share.
“Welocalize continues to show steady double-digit growth in our global market share by demonstrating the true differentiators that attract global brands and leading companies around the world to trust us as a tech-enabled translation and localization services provider of choice,” said Smith Yewell, CEO and co-founder of Welocalize. “Welocalize will continue to invest in innovation, talent and growth to provide language solutions tailored to our client’s business needs.”
Welocalize is recognized in the report for the third highest growth rate in the top 10 global providers, at a rate of 15.38%. The 11th annual global industry CSA research report, “The Language Services Market: 2015,” notes that demand for language services and technologies is growing overall at an annual rate of 6.46%.
Welocalize continues to experience high demand and growth in multiple industries, including consumer, manufacturing, technology, finance, travel, oil and gas and legal. The company continues to expand specialization in language services highlighted in the CSA report, including translation, software localization, desktop publishing, testing and QA, multimedia localization, website globalization, machine translation, as well as mobile application localization.
Other growing services in Welocalize’s diverse offerings portfolio include managed services which includes specialized staffing services, along with resource and project management, creative services, transcreation, SEO and internationalization consulting.
Welocalize recently received a significant investment from Norwest Equity Partners based on the market opportunity and propensity to achieve continued success as a top industry provider. Welocalize participates in Common Sense Advisory research as members of the independent market research firm.
About Welocalize – Welocalize, Inc., founded in 1997, offers innovative translation and localization solutions helping global brands to grow and reach audiences around the world in more than 157 languages. Our solutions include global localization management, translation, supply chain management, people sourcing, language services and automation tools including MT, testing and staffing solutions and enterprise translation management technologies. With more than 600 employees worldwide, Welocalize maintains offices in the United States, United Kingdom, Germany, Ireland, Italy, Japan and China. www.welocalize.com
About Common Sense Advisory – Common Sense Advisory is an independent market research company helping companies profitably grow their international businesses and gain access to new markets and new customers. Its focus is on assisting its clients to operationalize, benchmark, optimize, and innovate industry best practices in translation, localization, interpreting, globalization, and internationalization. For more information, visit: http://www.commonsenseadvisory.com.