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Aug 29, 2012

Lingotek Doubles Revenue Experiences Significant Growth

Groundbreaking Year Includes Noteworthy Revenue Increase, Expanded Client Base; Also Extensive New Offerings and Cool Vendor in Content Management Designation

LEHI, UT--(Marketwire - Aug 29, 2012) -  Lingotek | The Translation Network and leader in cloud based collaborative translation solutions, today announced a notable momentous year which includes significant revenue growth, strategic partnerships, numerous customer wins and an increased employee base. In addition, the company has rolled the world's first Translation Marketplace and was given the honor of being named a Cool Vendor in Content Management, 2012 by a leading global research and advisory firm.

Doubled Revenues and Client Growth

Year-over-year, Lingotek has doubled revenues for the first two quarters of the year. The addition of a number of important new clients, including Alfresco, AtTask, Hitachi Data Systems NYSE HTHIY), and Mozy, has contributed to that growth.

"We're incredibly excited about the opportunities that continue to unfold in front of us," said Rob Vandenberg, President and CEO of Lingotek. "Everything seems to be working symbiotically; our client base has expanded and our revenues have doubled. Incredibly talented new employees have also recently been added to our team to further support our ongoing growth efforts. Moreover, Gartner recognized us as a 2012 Cool Vendor in Content Management, a weighty industry validation for our innovative translation offerings and dedication to content management."

Cool Vendor Award and Exciting New Projects

Gartner, the leading global research and advisory firm, selected Lingotek as one of Gartner's Cool Vendors in Content Management, 2012. Chosen as one of four specially designated companies in the cloud-based content management space, Lingotek was recognized for "providing tools to create content more accurately to translate and localize content more efficiently," according to the report. For more on Lingotek's status as a Cool Vendor, please visit: http://www.lingotek.com/Lingotek_Named_a_2012_Cool_Vendor_in_Content_Management.

Lingotek has also launched the groundbreaking Translation Marketplace, the world's first complete, in-platform professional translation staffing and workflow system that enables full translations services from within an existing content management system (CMS). The Translation Marketplace empowers enterprises to access a distributed workforce of translation professionals from directly within their software platform. For more on the Translation Marketplace, please visit: http://www.lingotek.com/Lingotek_Introduces_World_First_Translation_Marketplace.

The Lingotek Collaborative Translation Platform has become available in the Amazon Web Services (AWS) GovCloud (US) Region. United States government agencies and contractors can now translate workloads in an open cloud environment that also complies with export control regulations limiting access to U.S. persons. Government agencies can streamline their translation process and reduce costs, with regulatory compliance already assured. For more on Lingotek Amazon GovCloud, please visit: http://www.lingotek.com/Lingotek_The_Translation_Network_Now_Available_in_Amazon_Web_Services_GovCloud_US_Region.

New Employees Fuel Ongoing Growth

This year Lingotek has also added six new employees to its team which includes engineers and translation service specialists. Lingotek currently has additional open positions; please see http://www.lingotek.com/careers for more information.

"So far, 2012 has been an incredible year for us," said Vandenberg. "We look forward to even more momentum as Lingotek continues to grow and see widespread adoption."

For more information on Lingotek, please visit Lingotek (www.lingotek.com) on Twitter and Facebook. For logos, executive pictures, screenshots, presentations, demos and other media, visit Lingotek's media kit.

ABOUT LINGOTEK

Lingotek | The Translation Network gives enterprise business customers new ways to engage their global communities by providing trusted, rapid translations to expand and grow business in a cost effective way. Its exclusive web-based Collaborative Translation Platform™ represents the next step in the evolution of translation through technology and community involvement. Today, global organizations, intelligence agencies and government entities use the platform, saving time and resources on projects ranging from a few pages to several volumes. Lingotek also offers professional translation services for companies. The company is based in Draper, Utah and is funded by Signal Peak Ventures, In-Q-Tel, and Flywheel Ventures.

 

        CONTACT
        Jennifer Rivera Ridless or Sammy Totah
        BOCA Communications
        415-738-7718
        Lingotek@bocacommunications.com