Language Weaver Says Commercial Revenue Grew 70 Percent in 2008
Market Wire, January, 2009
Human communications solution provider Language Weaver announced today a 70 percent increase in commercial revenues and over 25 new site deployments across commercial and government sectors for its automated language translation software during 2008.
Language Weaver's revenue growth supported the company's strategy of offering the industry's leading human communication solutions -- focused on automated translation -- in the digital content space.
Despite today's global economic challenges, Language Weaver anticipates continued growth in the market in 2009 for automated language translation.
"During difficult economic circumstances, companies have to rely on sound planning to run their businesses successfully," said Language Weaver President and CEO Mark Tapling. "Our customers and prospective customers require strong financial arguments for the business solutions they implement. In 2008 we were able to prove, in a very compelling way, that our communication oriented translation solutions deliver this justification."
2008 Highlights
New Products and Solutions:
-- The company launched as a human communications solutions provider for digital content with an emphasis on customer care, web content, government and business intelligence
-- Automated translation offered as software as a service (SaaS)
-- 20 new language pairs
-- Small form factor systems for government, enabling delivery of powerful translation solutions on personal computers
Strategic Partnerships:
-- Reverso (France) incorporated Language Weaver solutions in Reverso's consumer and enterprise application services
-- Interligare (Spain) integrated and delivered Language Weaver solutions as the multilingual engine for its industry leading commercial and government intelligence solutions
-- Babylon Ltd. deployed Language Weaver to power its online consumer translation solutions
-- Language Weaver announced participation and partnership with the Consortium for Service Innovation to support the Company's customer care initiatives
Media Coverage:
-- Language Weaver was profiled by several media outlets including Fox Business News, The Christian Science Monitor and The Industry Standard
-- CEO Mark Tapling presented the opening keynote address titled Automated Translation 2008: Science Meets Solution at the AMTA Conference in Waikiki, Hawaii. A white paper with this title was released concurrently
-- Media coverage and the White Paper are accessible from the Language Weaver blog at http://blog.languageweaver.com
Analyst Coverage:
On September 30, 2008, The Gartner Group published a report titled Findings: Language Weaver's Statistical Machine Translation, by Vice President and Gartner Fellow Jackie Fenn. According to the report, "[s]tatistical machine translation is establishing itself as the dominant approach in the world of machine translation, because of the improved accuracy and the increased speed and cost-efficiency of adding new language pairs." Moreover, "end-user organizations should examine statistical machine translation as a way to reach a broader international customer base and to facilitate internal communications."
Language Weaver in 2009
"Language Weaver will continue to penetrate the digital content marketplace with compelling human communication solutions in 2009," said Tapling. "We also look forward to expanding relationships with key partners around the world to continue advancing our growth as a global provider, delivering strong products and business solutions."
"Looking forward to 2009, this is truly a global economy and communicating will be more important than ever," Tapling continued. "Language Weaver offers a cost-effective means of translating digital content to communicate with customers. That makes sense from a sound business perspective, and is a message we expect will continue to resonate in the marketplace."
About Language Weaver
Language Weaver ( www.languageweaver.com ) is a human communications solutions company and pioneer in automated language translation, delivering volume, speed and accuracy to ensure effective communications. Serving digital industries and enterprise customers directly and through strategic partnerships, the company's solutions are proven to translate high-value, dynamic, digital information into a significant business advantage. Business operations powered by Language Weaver solutions experience compelling improvements in operating effectiveness.
Contact: Tim Allik Topaz Partners 781-404-2410 tallik@topazpartners.com
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