PROVO, UTAH--(Marketwire - March 5, 2013) - MultiLing, a translation services provider specializing in intellectual property (IP) and technical materials translations for multinational enterprises, today announced its worldwide revenues increased 13 percent in 2012. This growth resulted from a continued increase in the number of U.S., European and Asian enterprises spending millions of dollars per year on translations despite global economic downturn.
To accommodate this growth, the 25-year-old company made significant investments throughout 2012, including expanding its corporate leadership and sales team worldwide, moving its corporate headquarters to a larger office, and solidifying its unique centralized translation model, which the company pioneered 15 years ago to help enterprises reduce risk and costs through the on-time delivery of high-quality multinational IP filings.
To enable global commerce across 80+ languages and 120+ countries, MultiLing made significant improvements to its operational processes (i.e. document handling, project management and enhanced intra-language collaboration) and invested more than a million dollars into its suite of internally created software.
"MultiLing's 2012 efforts increased global sales and operational capacity during a year when our enterprise clients were asked to do more with less due to the global economic downturn," said Lyle Ball, hired as MultiLing's chief operating officer in July 2012. "Looking back over 2012, MultiLing has taken the steps necessary to strengthen its position as the translation service provider of choice for multinational enterprises requiring the highest-quality legal and scientific documents. We expect even stronger growth over the next six months as more and more enterprises consolidate their legal and translation budgets to fewer providers with greater capacity."
During 2013, MultiLing is poised to:
- Expand its sales and marketing teams in China, Japan and Korea to accommodate the region's dramatically increasing volume of patent filings to and from the United States and Europe
- Accommodate global demand for translations from Asian languages into English and German
- Double the company's investment in its proprietary translation software, including project management, translation memory, machine translation and intra-language collaboration tools
MultiLing's global enterprise clients have annual translation budgets exceeding $10 million. With more than half of MultiLing's translators holding PhD or masters degrees in scientific fields, MultiLing best serves enterprises with highly technical requirements, focusing on patents, litigation and prosecution needs as well as technical materials such as software, manuals and websites. The company's unique centralized translation model includes highly specialized teams; terminology management; quality control; proprietary technology and centralized processes.
Founded in 1988, MultiLing provides high-quality translations for the patent, IT, chemical, medical technology, biotechnology and automotive industries. Current clients include multinational enterprises such as Dell, Procter & Gamble, Siemens, TYCO, Munchener Ruck, LSI Corporation and Promise Technology. For more information see MultiLing's website at www.MultiLing.com.
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TRANSLATORS OF THE WORLD'S MOST IMPORTANT DOCUMENTS INTO 80+ LANGUAGES