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Ulatus, Enago’s Sister Brand, Recognized Among the World’s Top 75 Translation Service ProvidersCommon Sense Advisory recognizes Ulatus as a leader in US$46.52 billion global translation and localization industry
July 04, 2018, New York: Ulatus, Enago’s sister brand, announced today its official ranking as one of the largest language service providers (LSPs) in the global translation, localization, and interpreting industry. Issued in June 2018 by independent market research firm Common Sense Advisory (CSA Research), ‘The Language Services Market: 2018’ report ranked Ulatus as a top-grossing LSP in the US$46.52 billion global market for outsourced language services and technology. Ulatus was named as the 61st largest LSP in the world.
Ulatus is a recognized brand internationally for translation and localization solutions. Its services are available in 50+ international languages. Ulatus employs 3,000+ native language translators and subject matter experts specialize in 1,117 subject areas to deliver contextually impactful translated content. Its efforts have helped over 200,000 clients – including several Fortune 500 companies – from 125 countries successfully achieve a localized presence in global markets. By combining innovative technological solutions with in-depth knowledge of translation and localization processes, Ulatus is the ideal long-term language and communication partner of global companies.
As part of the primary quantitative study, CSA Research surveyed providers from around the world to collect actual reported revenue for 2016, 2017, and expected revenue for 2018. It found that the demand for language services and supporting technologies continues and is growing at an annual rate of 7.99%, representing an increase over last year’s rate of 6.97%.
Commenting on the achievement, Shilpa Mittal, CEO, Ulatus said, “As an organization, our abiding mantra has always been customer experience, driven by a flexible approach to create customized and localized communication solutions for our global clients. Our journey since inception in 2005 has been all about how closely we engage with worldwide stakeholders to help them achieve scale and success in foreign markets. We’re honored to have been recognized for our efforts and ranked among the world’s top 75 LSPs by CSA Research.”
Sixty-four percent of surveyed LSPs said revenue was up over the previous year. Factors driving this demand include content digitization, personalized customer service, and business globalization. The firm predicts the LSP market will increase to US$56.18 billion by 2021.
“As businesses optimize their customer experience in home markets through digitization, companies are under pressure to globalize their entire operations. Our research has long and conclusively demonstrated that people are much more likely to purchase products in their own language. In addition, that same content and product localization reduces customer care costs and increases brand loyalty,” explains Dr. Donald A. DePalma, CSA Research’s founder and Chief Strategy Officer.
About Ulatus (https://www.ulatus.com/):
Ulatus is one of the world’s leading translation service providers, having delivered solutions to more than 200,000 clients in 125 countries. Its pool of 3,000+ expert translators specialize in 1,117 subject areas, including technology, banking, the law, medicine, life sciences, engineering, and much more. Ulatus’ expertise in these technical details, its translation accuracy, superior quality, and mastery in linguistic nuances set Ulatus apart from its competitors.
About Common Sense Advisory (www.commonsenseadvisory.com):
Common Sense Advisory (CSA Research) is the premier market research firm specializing in the language services and technology industry. It provides primary data and insight to assist companies with planning, brand strategy, innovation, competitive positioning, and better understanding of global markets.
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